§ PPERA 2000 s. 97(untitled)

1 Where during any regulated period the controlled expenditure incurred by or on behalf of a recognised third party in the relevant part or parts of the United Kingdom exceeds £250,000, a report must be prepared by a qualified auditor on the return prepared under section 96 in respect of that expenditure. 1A A report must be prepared by a qualified auditor on any statement of accounts prepared under section 96A in respect of a regulated period, if— a a report falls to be prepared under subsection (1) on the return mentioned in section 96A(1)(a), or b during the regulated period the gross income or total expenditure of the third party exceeds £250,000. 2 The following provisions, namely— a section 43(6) and (7), and b section 44, shall apply in relation to the appointment of an auditor to prepare a report under subsection (1) or (1A) or (as the case may be) an auditor so appointed as they apply in relation to the appointment of an auditor to carry out an audit under section 43 or (as the case may be) an auditor so appointed.