Companies (Statutory Audits) Act 2018

Amendment of section 114 of Credit Union Act 1997

72. Section 114 of the Credit Union Act 1997 is amended by the substitution of the following subsection for subsection (1):

“(1) A person shall not be qualified for election as auditor of a credit union unless the person is a statutory auditor within the meaning of section 2 of the Companies Act 2014 .”.