PART 11APPOINTMENT OF AUDITORS
Fixing of auditor remuneration37
Section 492 applies to LLPs, modified so that it reads as follows—
Fixing of auditor's remuneration492
1
The remuneration of an auditor appointed by the LLP must be fixed by the designated members or in such manner as the members of the LLP may determine.
2
The remuneration of an auditor appointed by the Secretary of State must be fixed by the Secretary of State.
3
For the purposes of this section “remuneration” includes sums paid in respect of expenses.
4
This section applies in relation to benefits in kind as to payments of money.