SCHEDULES

SCHEDULE 14 Auditors: Appointment, Tenure, Qualifications and Remuneration

F1Appointments F2in relation to friendly societies subject to special requirements

Annotations:

3A

1

Appointment as auditor of a friendly society F3subject to special requirements is an appointment as a statutory auditor to which the provisions of Part 42 of the Companies Act 2006 apply.

2

The following provisions of this Schedule do not apply in that case—

a

paragraphs 4 and 5 (eligibility for appointment),

b

paragraph 6 (appointment of partnership),

c

paragraph 7 (cases in which auditor need not be a member of a recognised supervisory body), and

d

paragraph 8 (effect of ineligibility).