19. Accounts of body corporate to be audited
Feedback & supportAt 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.
body corporate
“body corporate” means a body corporate constituted under an order made by the Minister pursuant to section 3;
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].
company
“company” means —(a)a company, association or other body incorporated in or outside Singapore; or(b)an unincorporated society, association or other body which under the law of its place of origin may hold property in the name of such society, association or body or in the name of its secretary or other officer duly appointed for that purpose;
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.