Part II Amendment of Constitutions and Powers of Existing Bodies, etc.
Miscellaneous
12 Annual reports and financial statements.
1
The University Court of each of the older Universities shall lay before the General Council annually—
a
a report of the work and activities of the University, and
b
a financial statement of the University which shall be audited by auditors appointed by the University Court.
F12
No person shall be appointed as an auditor under this section unless he is eligible for appointment as a F2statutory auditor under Part 42 of the Companies Act 2006.
3
No person shall be appointed as an auditor under this section if he, or where the person in question is a partnership or a body corporate, any partner in the partnership or any director or officer of the body corporate, is a member of the University Court or of the staff of the University concerned.