A Credit Union is required to appoint an Auditor annually who must be a Chartered Accountant, Certified Public Accountant, a member of the Institute of Chartered Accountants of the Eastern Caribbean or some other professionally qualified accountant, whose duty shall be to prepare reports on the annual financial statements and financial position of the licensee.
The members of a co-operative society shall:
- At the first general meeting, appoint an Auditor to hold office until the close of the first annual general meeting; and
- Appoint an Auditor to hold office until the close of the next annual general meeting.
