SCHEDULES

SCHEDULE 8 Housing Action Trusts: Finance Etc.

Part III General Accounts Etc.

Audit

11

1

The trust’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 trust.

F12

A person shall not be appointed under sub-paragraph (1) above 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 trust,

b

a partner of, or employed by, a member, officer or servant of the trust, F2 . . .

F2c

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