Revised Laws of Saint Lucia (2021)

149.   Appointment of Auditor

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    (1)   A self-regulatory organisation shall, with the approval of the Commission, appoint auditors.

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    (2)   A self regulatory organisation shall require each of its members to appoint an auditor who shall—

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      (a)     examine the member's financial affairs in accordance with the rules of the organisation;

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      (b)     report the results of the examination to the auditor of the organisation.

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    (3)   A person shall not be qualified for appointment under subsection (1) or (2) unless he or she is an accountant.

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    (4)   The auditor of a self-regulatory organisation shall provide to the Commission on request a copy of a report received by him or her under subsection (2).