# Friendly Societies Act 1992, Paragraph 1


(1) The first auditor of a friendly society or registered branch may be appointed by the committee of management of the society or branch at any time before the first general meeting of the society or branch following the end of its initial financial year; and an auditor so appointed shall hold office until the conclusion of that meeting.
(2) If the committee of management fails to exercise its powers under sub-paragraph (1) above, those powers may be exercised by the society or branch in general meeting.

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Source: https://www.legislation.gov.uk/ukpga/1992/40/schedule/14/paragraph/1 (the official version)
Page: https://openlegislation.uk/friendly-societies-act-1992/schedule-14/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.