must be independent of this church and of its directors and employees as set out in Section 43 of the Society Act. (2)
may not be a member of this church.
shall hold office at each annual general meeting until the close of the next annual general meeting, and if at that meeting an appointment is not made, the auditor in office continues as auditor until a successor is appointed. Any auditor appointed by the board shall assume his duties immediately until the close of the next annual general meeting or the successor is appointed, whichever is later. (3)
shall make the examination that will enable him to report to the members as required under Section 47 (2) of the Society Act. (4)
shall make a report to the members on the financial statement, other than the part of it that relates to the period referred to in Section 65 (2) (b) of the Society Act, that is to be placed before the society at an annual general meeting during the auditor's term of office. (5)
shall report to the members any conflicts of interest relate to this church. Transactions with related parties may be undertaken only if all of the following are observed:
a material transaction is fully disclosed in the audited financial statements of the organization;
the related party is excluded from the discussion and approval of such transaction;
a competitive bid or comparable valuation exists; and
the board has acted upon and demonstrated that the transaction is in the best interest of the church. (6)
shall state in the report whether, in the auditor's opinion, the financial statement presents fairly the financial position of the society and the results of its operations for the period under review and, in the case of a financial statement other than the first, does so on a basis consistent with that of the preceding period. (7)
shall state the reasons in the report if the opinion contained in the report of the auditor under Section 47 (2) of the Society Act is qualified. (8)
may attend general meetings. (9)
may appoint auditor assistants to act fully behalf of him after given a notice to the board.
Footnotes:
proposal
Society Act Section 43
Society Act Section 41Society Act Section 47(1)Society Act Section 47(2)(a)Evangelical Council for Financial Accountability Standards #6Society Act Section 47(2)(b)Society Act Section 47(3)Society Act Section 54