SCHEDULES
SCHEDULE 14 Auditors: Appointment, Tenure, Qualifications and Remuneration
Eligibility for appointment
4
(1)
Subject to paragraph 7 below, a person is eligible for appointment as the auditor of a friendly society or registered branch only if he—
(a)
is a member of a recognised supervisory body; and
(b)
is not ineligible for the appointment under the rules of that body.
(2)
An individual or a firm may be appointed as auditor of a friendly society or registered branch.
(3)
In this Schedule—
F1...
“recognised supervisory body” means a body which is a recognised supervisory body for the purposes of F2Part 42 of the Companies Act 2006.