Auditing Profession Act, 2005 (Act No. 26 of 2005)Chapter II : Independent Regulatory Board for AuditorsPart 4 : Governance of Regulatory Board15. Meetings |
(1) | The Regulatory Board meets as often as circumstances require, but at least four times every year, at such time and place as the Regulatory Board may determine. |
(2) | The chairperson may at any time convene a special meeting of the Regulatory Board at a time and place determined by the chairperson. |
(3) | Upon a written request signed by not less than three members of the Regulatory Board, the chairperson must convene a special meeting of the Regulatory Board to be held within three weeks after the receipt of the request, and the meeting must take place at a time and place determined by the chairperson. |
(4) | A majority of the members of the Regulatory Board constitutes a quorum at a meeting. |
(5) |
(a) | Every member of the Regulatory Board, including the chairperson, has one vote. |
(b) | In the event of an equality of votes, the chairperson of the meeting has a casting vote in addition to his or her deliberative vote. |