This section applies to a registered provider which is a registered society.
Section 85 of the Co-operative and Community Benefit Societies Act 2014 (" the 2014 Act ") (duty to obtain accountant's report) applies to the society as if subsection (1)(b) were omitted (accountant's report required only where turnover exceeds specified sum).
The regulator may require the society to—
appoint a qualified auditor to audit the society's accounts and balance sheet for any year of account in respect of which section 83 of the 2014 Act (duty to appoint auditors) did not apply because of a resolution under section 84 of that Act (power to disapply auditing requirements),
send a copy of the auditor's report to the regulator by a specified date.
A requirement under subsection (3) may be imposed only during the year of account following the year to which the accounts relate.
Qualified auditor" and "year of account" have the same meaning as in Part 7 of the 2014 Act (for "year of account" see sections 77 and 78 of that Act).