Power to appoint auditor: Board may appoint auditors with inspecting powers and enforce obligations on custodian personnel. The Board may appoint an auditor to inspect or investigate the books, records, documents or affairs of an applicant or custodian; the auditor has the same inspection and investigative powers as an inspecting officer under regulation 21, and the applicant or custodian and its directors, officers and employees are under the same obligations toward the auditor as specified in regulation 23.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power to appoint auditor: Board may appoint auditors with inspecting powers and enforce obligations on custodian personnel.
The Board may appoint an auditor to inspect or investigate the books, records, documents or affairs of an applicant or custodian; the auditor has the same inspection and investigative powers as an inspecting officer under regulation 21, and the applicant or custodian and its directors, officers and employees are under the same obligations toward the auditor as specified in regulation 23.
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