§ 19 (1) A public benefit organisation is to have an auditor.
(2) It is for the board of governors to appoint or remove the auditor at a general meeting of the board.
(3) But a person may not be appointed as auditor unless he (or, in the case of a firm, each of its members) is a member of one or more of the following bodies—
- (a) the bodies mentioned in section 3(7)(a) to (e) of the Audit Commission Act 1998 (c.18),
- (b) any other body of accountants established in the United Kingdom and for the time being approved by the Secretary of State for the purposes of this paragraph.
§ (4) The organisation is to establish a committee of non-executive directors to monitor the exercise of the auditor's functions.