A company shall have one or more auditors from among those who are licensed to practice the profession of audit and accounting approved by the Concerned Body. The appointment of the auditor and determination of his/her fees shall be made by a resolution adopted by the annual ordinary general meeting. The auditor shall assume his/her duties from the date of his/her appointment until the convening of the following annual ordinary general meeting, and his/her appointment may be renewed annually, provided that the conditions and rules of appointment of auditors must be observed.
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