HC Deb 08 July 2003 vol 408 c928

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—

  1. (a) the bodies mentioned in section 3(7)(a) to (e) of the Audit Commission Act 1998 (c.18),
  2. (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.

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