(a) a vacancy occurs in the office of auditor of a public company; and
(b) the vacancy is not caused by the removal of an auditor from office; and
(c) there is no surviving or continuing auditor of the company;
the directors must, within 1 month after the vacancy occurs, appoint an auditor to fill the vacancy unless the company at a general meeting has appointed an auditor to fill the vacancy.
Note: Certain public companies are not required to appoint an auditor: see subsections 327A(1A) and 327B(1A).
(2) An auditor appointed under subsection (1) holds office, subject to this Part, until the company's next AGM.
(3) A director of a public company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).