TNAG-2278-FCO40-3278-Future-of-Hong-Kong-Radio-Television-Hong-Kong-Board-of-Gove-1991 — Page 17

where the Corporation has wholly owned subsidiaries,

a statement or statements of consolidated accounts

dealing with and giving a true and fair view of the

state of affairs of the Corporation and each of its

wholly owned subsidiaries.

31. Auditor

(1) The Board shall in each financial year appoint an auditor

to examine and audit the statement of accounts of the Corporation

(or, where the Corporation has wholly owned subsidiaries, the

statement or statements of consolidated accounts) for that financial

year.

(2)

An auditor appointed under subsection (1) may at any time

(a)

have access to such accounts, vouchers and other

(b)

records of the Corporation and its wholly owned

subsidiaries, if any; and

require such information and explanation,

as he considers necessary to carry out his duties.

(3) The auditor shall, as soon as practicable, examine and

audit the statement of accounts of the Corporation or where the

Corporation has wholly owned subsidiaries the statement or

statements of consolidated accounts prepared under section 30 (3) and

shall report on the audit to the Board.

(4) No person shall be appointed an auditor under subsection

(1) unless he is a professional accountant registered and holding a

practising certificate under the Professional Accountants Ordinance

(Cap. 50).