Appointment of auditor, etc

(1) The Board of Directors of a credit union shall, with the approval of membership at annual general meeting, appoint a duly qualified auditor who shall hold office until the close of the next annual general meeting. (2) The affairs of every credit union shall be examined annually by or under the direction of the Registrar, and the credit union shall produce all books, documents and other papers required by the person conducting the examination and such person may examine any officer of a credit union under oath. (3) Notwithstanding sub-section (1) and section, the Registrar may, in any special case, audit the accounts of a credit union or appoint any person he deems suitable to audit such accounts. 50 Credit Unions Act