Part 5 – Miscellaneous Failure to prevent fraud Section 201: Section 199: large organisations
Section 201 defines "large organisation". The test is modelled on tests in section 465 of the Companies Act, with provision for it to apply in the same way, subject to any necessary changes, to large organisations which are not subject to section 465. An organisation will be a large organisation if two of its (i) turnover, (ii) balance sheet total or (iii) employee numbers exceed the relevant threshold in section 201. Where the body is a "parent undertaking", section 202 applies.