Fitness and propriety of the Appointed Auditor

13. A Level 3 Head must ensure that its Appointed Auditor:

(a) is a fit and proper person in accordance with the Level 3 Head’s Fit and Proper Policy as required by Prudential Standard CPS 520 Fit and Proper, including those requirements that apply specifically to the auditor;

(b) satisfies the auditor independence requirements in Prudential Standard CPS 510 Governance; and

(c) is not subject to a direction or order issued under the Prudential Acts.[1]