SCHEDULES
SCHEDULE 3 The Auditor of the National Audit Office
1
1
The auditor shall be a member of one or more of the bodies mentioned in sub-paragraph (2) below or shall have such other qualifications as may be approved for the purposes of this Schedule by the Commission; and a firm shall not be appointed unless each of its members is a member of one or more of those bodies.
2
The bodies referred to in sub-paragraph (1) above are—
a
the Institute of Chartered Accountants in England and Wales;
b
the Institute of Chartered Accountants of Scotland;
c
the Association of Certified Accountants;
d
the Chartered Institute of Public Finance and Accountancy;
e
the Institute of Chartered Accountants in Ireland; and
f
any other body of accountants established in the United Kingdom and for the time being approved by the Commission for the purposes of this Schedule.
3
The auditor shall be appointed at such remuneration and on such other terms and conditions as the Commission may determine; and the remuneration of the auditor shall be defrayed as part of the expenses of the National Audit Office.