External audit and reports

(1) The accounts of the Corporation shall be audited at least annually in accordance with the International Standards on Auditing by an independent external auditor appointed by the Board, who is– (a) professionally qualified and has knowledge and experience in the audits of financial and insurance institutions satisfactory to the (b) in good standing as a member of an association of chartered or public accountants or a similar body; and (c) authorised to practise in Belize. 32 (2) The external auditor shall not be appointed for a period exceeding seven years consecutively. (3) The Corporation shall publish the annual auditor’s report on its website or by any other means that allows for public access. CAP. 251.