Cap. 442 ст. 50Remuneration of auditors.

(1) The remuneration of auditors shall be fixed by the society in general meeting or in such manner as the society in general meeting may provide. The remuneration of auditors appointed by the committee of management or by the Board shall be fixed by the committee of management or by the Board, as the case may be.

(2) There shall be stated in the notes to the accounts the amount of the remuneration paid to the society’s auditors, including any other remuneration earned by the auditors in any other capacity from the same society.

(3) For the purposes of this article, "remuneration" includes sums paid in respect of expenses.

(4) The provisions of this article shall apply in relation to benefits in kind and to payments in cash; and, in relation to any such benefit, references to its amount are to be construed as references to its estimated money value. The nature of any such benefit shall also be disclosed.

(5) The Minister may by regulations provide for the manner in which the amount of any remuneration received or receivable by a society’s auditors or associates of such auditors shall be disclosed; in particular, the regulations may prescribe the circumstances in which a person or body shall, for the purposes of such regulations, be considered as an associate of the auditors.