§ Sir JOHN SPEARasked the Chancellor of the Exchequer whether approved friendly societies must employ chartered accountants to audit the accounts in administering State funds under the Insurance Act, or will those accounts be audited by Civil servants employed and paid by the State?
§ Mr. MASTERMANThe audit of accounts of approved societies will, in so far 505W as they relate to funds under the National Insurance Act, be conducted by auditors appointed by the Treasury as required by Section 35 of the Act. The remuneration of these auditors will, in accordance with the provisions of Section 57, be paid out of moneys provided by Parliament.