Commentary on Sections Supervision by Regulator Section 43 - Audit
243.This section gives the Regulator a power to require an audit of a CIC's annual accounts.  Any auditor appointed under this clause will have all the rights of an auditor as set out in section 389A of the Companies Act 1985 (as amended bysection 8 of the Act) (subsection (3)). The offences for non-compliance with that section of the Companies Act 1985 will also apply.