Friendly Societies Act, 1956 (Act No. 25 of 1956)Chapter III : Administration and Powers of Registered Societies11. Appointment, powers and duties of auditor |
| (1) | Except where the accounts of a society are to be audited by the Auditor-General under the provisions of one or other law, every registered society shall in the manner prescribed by its rules appoint an auditor registered under the Public Accountants’ and Auditors’ Act, 1991 (Act No. 80 of 1991), who shall not be an officer of the society: Provided that if an auditor so registered is not readily available the Authority may at the request of the society approve of the appointment of a person nominated by the society, to act as auditor of the society, or if the Authority is not satisfied that the nominated person is suitable to act as auditor of the society, he may appoint as auditor any other person whom he considers suitable. |
[Section 11(1) substituted by section 34 of Act No. 104 of 1993]
| (2) | In certifying a statement of liabilities prepared in terms of section twenty-four the auditor shall not be deemed to vouch for the correctness of the amounts at which the liabilities were assessed by the valuator in terms of section twenty-three. |