54
In forceAuditors, appointment of
Part IVControls
Division 2Trust accounts
54 Auditors, appointment of
(1)
Subject to the provisions of this Division the auditor by whom the audit of, and reports on, a settlement agent’s trust accounts are to be made shall be appointed and employed for that purpose by that settlement agent.
(2)
A settlement agent shall appoint his auditor at the time of applying for his licence.
(3)
Subject to this Act, an auditor’s appointment under this section is continuous unless the Commissioner approves a subsequent change in the appointment.
[Section 54 amended: No. 58 of 2010 s. 176.]
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.