[COM 423] Term of office423 

423

An auditor appointed under section 422(1) holds office until the auditor—

• (a)dies;
• (b)is removed, or resigns, from office in accordance with section 427 or 428 respectively;
• (c)becomes aware of a conflict of interest and does not give the Ministry of Justice and the company or managed investment scheme the required notice in accordance with section 430 or the notice states that the conflict continues to exist; or
• (d)ceases to be capable of acting as an auditor in accordance with this Part.