AuditE+W+S
11(1)The corporation’s accounts and statements of accounts shall be audited by an auditor to be appointed annually by the Secretary of State in relation to the corporation.E+W+S
[F1(2)A person shall not be appointed under sub-paragraph (1) unless he is eligible for appointment as a company auditor under section 25 of the Companies Act 1989.]
(3)A person shall not be qualified for appointment under sub-paragraph (1) above if the person is—
(a)a member, officer or servant of the corporation, [F2; or]
(b)a partner of, or employed by, a member, officer or servant of the corporation, or
[F3(c)a body corporate of which a member, officer or servant of the corporation is a director or officer.]
Textual Amendments
F1Sch. 31, para. 11(2) substituted (1.10.1991) by S.I. 1991/1997, reg. 2, Sch. para. 37(a) (with reg. 4)
F2Word in Sch. 31, para. 11(3)(a) added (1.10.1991) by S.I. 1991/1997, reg. 2, Sch. para. 37(b)(i) (with reg. 4)
F3Sch. 31, para. 11(3)(c) substituted (1.10.1991) by S.I. 1991/1997, reg. 2, Sch. para. 37(b)(ii) (with reg. 4)