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Section 62: Appointment of auditor

Financial Reporting Act · PART IV: THE MAURITIUS INSTITUTE OF PROFESSIONAL ACCOUNTANTS

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

62. Appointment of auditor (1) The Mauritius Institute of Professional Accountants shall, at every annual general assembly, appoint an auditor who shall hold office until its next annual general assembly. (2) Where the auditor appointed under subsection (1) is incapable, for any reason, to hold his office, the Board may appoint another person to audit the accounts of the Mauritius Institute of Professional Accountants. (3) A person shall not be eligible for appointment under subsection (1) unless he is a licensed auditor. (4) No person shall be qualified to be appointed as an auditor where he is— (a) a member of the Board of the Mauritius Institute of Professional Accountants; or (b) a partner of a member of the Board of the Mauritius Institute of Professional Accountants. (5) The remuneration of the auditor shall be determined by the Mauritius Institute of Professional Accountants at its general assembly. PART V – THE NATIONAL COMMITTEE ON CORPORATE GOVERNANCE

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