Audit and valuation appointments enable inspection of fund managers, while associated expenses may be recovered. The Authority may appoint an auditor to inspect an FME's books, records, documents, infrastructure, systems, procedures and affairs. The auditor has the ... Summary
Audit and valuation appointments enable inspection of fund managers, while associated expenses may be recovered.
The Authority may appoint an auditor to inspect an FME's books, records, documents, infrastructure, systems, procedures and affairs. The auditor has the same powers as an inspecting authority, and the FME and its employees have corresponding obligations. The Authority may also appoint a valuer where necessary to value scheme assets and may recover inspection expenses, including auditor or valuer fees.
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