Singapore legislation
Clause 47
Clause 47
Appointment of auditors
(1)
A licensed financial adviser shall appoint an auditor to audit its accounts and statements prepared under section 45(1) and where, for any reason, the auditor ceases to act for such financial adviser, the financial adviser shall, as soon as practicable thereafter, appoint another auditor.
(2)
Any licensed financial adviser which contravenes this section shall be guilty of an offence.