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GENERAL PROVISIONS MEMBERSHIP MANAGEMENT SUPERVISION OTHER PROVISIONS


Supervision

48. Outside Auditor(s)
48.1 At least once a year the financial statements of the Council shall be independently audited and approved by the General Assembly.
48.1 The outside auditor may be a physical person or an auditing company. The audit shall be signed by an expert accountant. If membership of the FIC exceeds 100 persons, an audit committee of three (3) persons shall be formed, the majority of which shall be Principal Members of the Council. A member of the Board of Directors may not be a member of the Audit Committee. The auditor(s) shall be elected by the General Assembly for a term of three (3) years, but may be revoked at any time. Upon expiry of the term, their mandate may be renewed. The auditor(s) is/are listed in Appendix D attached.

















 
 
 
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