Section 51
Appointment of auditors
of Financial Advisers Act 2001
ActIn forceProvision 51 of 138
Section 51
(1)
A licensed financial adviser must appoint an auditor to audit its accounts and statements prepared under section 49(1) and where, for any reason, the auditor ceases to act for such financial adviser, the financial adviser must, as soon as practicable thereafter, appoint another auditor.
(2)
Any licensed financial adviser who contravenes this section shall be guilty of an offence.[47