SCHEDULES
SCHEDULE 8 Housing Action Trusts: Finance Etc.
Part III General Accounts Etc.
Audit
11
1
The trust’s accounts and statements of accounts shall be audited by an auditor to be appointed annually by the Secretary of State in relation to the trust.
2
A person shall not be qualified for appointment under sub-paragraph (1) above unless he is qualified for appointment as auditor of a company under section 389 of the M1Companies Act 1985.
3
A person shall not be qualified for appointment under sub-paragraph (1) above if the person is—
a
a member, officer or servant of the trust,
b
a partner of, or employed by, a member, officer or servant of the trust, or
c
a body corporate.