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FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 29

Qualified auditors.

29.(1) Subject to subsection (2), no person shall be a qualified auditor for
the purposes of this Act unless he is either a member of one or more of the
following bodies, that is to say,

(a)the Institute of Chartered Accountants in Ireland;

(b)the Institute of Chartered Accountants in England and Wales;

(c)the Institute of Chartered Accountants of Scotland;

(d)the Association of Certified and Corporate Accountants;

(e)any other body of accountants [established in the United Kingdom and for
the time being recognised for the purposes of section 155(1)(a) of the
Companies Act (Northern Ireland) 1960 by the Ministry] [ for the time being
listed in Article 26(1)(a)of the Companies (Northern Ireland) Order 1978],

(2) Subject to subsection (3), for the purposes of any provision (except
subsections (2) and (3) of section 25) of this Act a person who is not a
qualified auditor under subsection (1) of this section shall nevertheless be a
qualified auditor in relation to any particular registered society or branch
if

(a)he is at the passing of this Act an approved auditor appointed by
the Ministry under section 30 of the Act of 1896, and

(b)he audited the accounts and balance sheet of that society or branch for the
year of account immediately preceding the year of account comprising that date
and for every year of account since the first-mentioned year until
the current year of account.

(3) The registrar may at any time direct that a person who is a qualified
auditor in relation to a particular society or branch or particular societies
or branches by virtue of subsection (2) shall cease to be so qualified from
the date of that direction.

© 1970 Crown Copyright

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