Clause 47
Appointment of auditors
BillNot in forceProvision 71 of 108
Clause 47
(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.