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13(1)Any fees payable by virtue of this Act in respect of the entry, or retention of a name on, or the restoration of a name to, the register shall be paid to the Council, and any expenses of the Council shall be defrayed out of the sums received by the Council either on account of those fees or otherwise.
(2)The Council shall keep proper accounts of all sums received or paid by them, and proper records in relation to those accounts, and the accounts for each financial year of the Council shall be audited by auditors appointed by the Council; and as soon as any accounts of the Council have been audited the Council shall cause them to be published, and shall send a copy of them to the Secretary of State, together with a copy of any report of the auditors thereon.
(3)No person shall be qualified to be appointed as an auditor under this paragraph unless he is a member of one or more of the following bodies:—
the Institute of Chartered Accountants of Scotland ;
the Institute of Chartered Accountants in England and Wales ;
the Institute of Chartered Accountants in Ireland ;
the Association of Certified and Corporate Accountants ;
any other body of accountants established in the United Kingdom and for the time being recognised for the purposes of section 161(1)(a) of the [1948 c. 38.] Companies Act 1948 by the Board of Trade ;
but a Scottish firm may be so appointed if each of the partners thereof is qualified to be so appointed.
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