78 [Auditor's report]
Building Societies Act 1986 (1986 c 53) | Legislation

78  [Auditor's report]

(1)     The [auditor] of a building society shall make a [written] report to the members on the annual accounts which are to be laid before the society at the annual general meeting during [his] tenure of office.

(2)     The [auditor's report] shall . . . be open to inspection by any member [at the annual general meeting of the building society].

(3)     The [auditor shall, in his] report under subsection (1) above, also make a report to the members on—

(a)     the annual business statement, and

(b)     the directors' report,

in so far as subsection (7) below requires [him] to do so.

[(3A)     The auditor's report must include—

(a)     the identity of the building society whose annual accounts are the subject of the audit,

(b)     a description of the annual accounts that are the subject of the audit (including the period covered by those accounts),

(c)     a description of the financial reporting framework that has been applied in the preparation of those accounts, and

(d)     a description of the scope of the audit identifying the auditing standards in accordance with which the audit was conducted.

[(4)     The report must clearly state the opinion of the auditor

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