Section 491

The auditor or auditors of a public company hold office in accordance with the terms of their appointment, subject to the requirements that— they do not take office until the previous auditor or auditors have ceased to hold office, and they cease to hold office at the conclusion of the accounts meeting next following their appointment, unless re-appointed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . This is without prejudice to the provisions of this Part as to removal and resignation of auditors.

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Source: legislation.gov.uk · retrieved 2026-09-04