Section 95
of International Business Companies Order, 2000
Section 95
(1)
Subject to section 96, the directors or the members of an IBC shall within ninety days of its incorporation, appoint an approved auditor to be the auditor of that company and that auditor shall hold office until the expiration of his appointment or earlier termination by resolution of members.
(2)
No person shall be appointed to be, or to act as, the auditor of an IBC without his prior written consent.
(3)
An IBC shall, whenever it appoints an auditor, or the particulars of an auditor are changed, lodge with the Registrar within thirty days of the appointment a notice thereof in the prescribed form accompanied by the auditor’s written consent.
(4)
The Authority may approve any suitable, qualified person to perform the duties required by this Order to be performed by an auditor, the application for such approval and the approval itself to be in the prescribed forms.
Auditor need not be appointed in certain circumstances.