79 [Auditor's duties and powers]
Building Societies Act 1986 (1986 c 53) | Legislation

79  [Auditor's duties and powers]

(1)     It is the duty of the [auditor] of a building society in preparing [his] report to the members under section 78, to carry out such investigations as will enable [him] to form an opinion as to the following matters—

(a)     whether [adequate] accounting records have been kept under section 71,

(b)     . . .

(c)     whether the annual accounts are in agreement with the accounting records.

[(2)     If the auditor is of the opinion that—

(a)     [adequate] accounting records have not been kept under section 71, or

(b)     the annual accounts are not in agreement with the accounting records,

the auditor must state that fact in his report.]

(3)     Every auditor of a building society has—

(a)     a right of access at all times to the accounting and other records of the society and all other documents relating to its business, and

(b)     a right to require from the officers of the society

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Reversionary lease by reference

 LR1. Date of the lease[date]LR2. Title Number(s)LR2.1 Landlord's title number(s)[title numbers out of which this Lease is granted. Leave blank if not registered]LR2.2 Other title numbers[existing title number(s) against which entries of matters referred to in LR9, LR10, LR11 and LR13 are to be

LEXISNEXIS

Title guarantee and covenants for title

On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.

LEXISNEXIS

Standard of care in professional negligence claims

Standard of care in professional negligence claimsThis Practice Note considers the standard of care in professional negligence claims, originally formulated in Bolam v Friern Hospital as being that of reasonable skill and care but now reconsidered following Montgomery v Lanarkshire Health. It

LEXISNEXIS

Possession with intent to supply

Possession with intent to supplyPossession with intent to supply a controlled drugIt is an offence for a person to have a controlled drug in his possession, whether lawfully or not, with intent to supply it to another in contravention of section 4(1) of the Misuse of Drugs Act 1971 (MDA