المادة 22(d): Auditing Requirements

d) The approval of the Fund Board of Directors must be obtained to appoint or change any alternative auditor. 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 fund, if:

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

2. If the auditor of the fund is no longer independent;

3. If the auditor of the fund is no longer registered with the Authority.

4. supervision 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 fund manager to replace the auditor appointed in relation to the public fund.