المادة 76(e): Audit Requirements

e. The fund board must reject the appointment of an auditor, or instruct the fund manager to replace an auditor which has already been appointed in relation to the public fund, if:

1) there are any outstanding and material allegations of professional misconduct in relation to audit functions by the auditor;

2) the auditor of the public fund ceases to be an independent auditor;

3) the auditor of the public fund is no longer registered with the Authority;

4) the fund board determines that the auditor does not have sufficient qualifications and experience to perform a satisfactory auditing functions; or

5) the Authority, in its absolute discretion, instructs the public fund manager to replace the auditor appointed in relation to the public fund.