SCHEDULES
SCHEDULE 14 Auditors: Appointment, Tenure, Qualifications and Remuneration
F1Duty of auditor to notify appropriate audit authority
15A
1
Where an auditor of a friendly society or registered branch ceases for any reason to hold office, he must notify the appropriate audit authority.
2
The notice must—
a
inform the appropriate audit authority that he has ceased to hold office, and
b
be accompanied by a copy of the statement deposited by him at the registered office of the society or branch in accordance with paragraph 14.
3
If the statement so deposited is to the effect that he considers that there are no circumstances in connection with his ceasing to hold office that need to be brought to the attention of the members or creditors of the society or branch, the notice must also be accompanied by a statement of the reasons for his ceasing to hold office.
4
The auditor must comply with this paragraph at the same time as he deposits a statement at the registered office of the society or branch in accordance with paragraph 14.
5
If a person ceasing to hold office as auditor fails to comply with this paragraph, he is guilty of an offence and liable—
a
on conviction on indictment, to a fine, and
b
on summary conviction, to a fine not exceeding the statutory maximum.
Sch. 14 paras. 15A-15C and cross-headings inserted (29.6.2008 with effect in accordance with art. 1(3) of the amending S.I.) by The Friendly Societies Act 1992 (Accounts, Audit and EEA State Amendments) Order 2008 (S.I. 2008/1140), arts. 1(2), 6(2)