10(1)The accounts of the Trust shall be audited annually by an auditor appointed by the Trust.
(2)No person shall be qualified to be appointed auditor under this paragraph unless he is a member of one or more of the following bodies:
(a)the Institute of Chartered Accountants of Scotland;
(b)the Institute of Chartered Accountants in England and Wales;
(c)the Association of Certified and Corporate Accountants;
(d)the Institute of Chartered Accountants in Ireland;
(e)any other body of accountants established in the United Kingdom and for the time being recognised for the purposes of section 161(1)(a) of the M1Companies Act 1948 by the Secretary of State;
but a Scottish firm may be so appointed if each of the partners therein is qualified to be so appointed.
Marginal Citations