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INDUSTRIAL AND PROVIDENT SOCIETIES ACT (NORTHERN IRELAND) 1969 - SECT 42

Restrictions on appointment of auditors.

42.(1) None of the following persons shall be appointed as auditor of a
registered society

(a)an officer or servant of the society; or

(b)a person who is a partner of or in the employment of, or who employs, an
officer or servant of the society; or

(c)a body corporate; or

(d)a person whose appointment as auditor of any other registered society

(i)which is a subsidiary of that society, or

(ii)of which that society is a subsidiary, or

<(iii)which is a subsidiary of the society of which that society is a subsidiary,


(d)is prohibited by virtue of paragraph (a) or (b); or

(e)a person who is

(i)an officer or servant, or

(ii)a partner of, or in the employment of, or who employs, an officer or
servant,

(e)of a company which is a subsidiary of that society.

(2) Any appointment made by a society in contravention of subsection (1) shall
not be an effective appointment for the purposes of this Act.

(3) Nothing in this section shall prevent the appointment as auditor of a
society of a Scottish firm if none of the partners of the firm is ineligible
for appointment as auditor of the society by virtue of any of the provisions
of this Act.

(4) In this section "company" has the same meaning as in section 47 and
references to an officer or servant shall be construed as not including an
auditor.

© 1969 Crown Copyright

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