Section 19

At least once in each year the accounts of a body corporate shall be examined by an auditor who shall state in his report whether the accounts are in his opinion properly drawn up so as to give a true and fair view of the income and expenditure of the body corporate and of the body corporate’s affairs.

The auditor shall be appointed at each annual general meeting of the body corporate and shall hold office until the conclusion of the next annual general meeting of the body corporate.

No person shall be appointed as an auditor of a body corporate unless he is an approved company auditor under the Companies Act [Cap. 50].

The auditor or any person authorised by him to act on his behalf shall be entitled at all reasonable times full and free access to all accounting and other records relating directly or indirectly to the financial transactions of the body corporate.