Sch 1 para 16A
(1) This paragraph applies to a registered social landlord that— (a) is a company, (b) is exempt from the audit requirements of the Companies Act 2006 by virtue of section 477 of that Act (small companies’ exemption), and (c) is not a charity. (2) The directors of the company must cause a report to be prepared in accordance with paragraph 16B and made to the company’s members in respect of the company’s individual accounts for any year in which the company takes advantage of its exemption from audit. (3) The Relevant Authority may, in respect of any such financial year, give a direction to the company requiring it— (a) to appoint a qualified auditor to audit its accounts and balance sheet for that year, and (b) to furnish to the Relevant Authority a copy of the auditor’s report by such date as is specified in the direction. (4) A direction under sub-paragraph (3) may not be given until after the end of the financial year to which it relates.