C2Part 16Audit

Annotations:
Modifications etc. (not altering text)

Chapter 2Appointment of auditors

Public companies

C1491Term of office of auditors of public company

1

The auditor or auditors of a public company hold office in accordance with the terms of their appointment, subject to the requirements that—

a

they do not take office until the previous auditor or auditors have ceased to hold office, and

b

they cease to hold office at the conclusion of the accounts meeting next following their appointment, unless re-appointed.

2

This is without prejudice to the provisions of this Part as to removal and resignation of auditors.