20(1)The Council shall appoint an external auditor who shall audit the records, accounts and financial transactions of the Council annually.
20(2)The Council shall not appoint a person as an auditor, and no person shall act as an auditor of the Council, if in the fiscal year in which the appointment is made or in the preceding fiscal year, the person
(a)
is or was a member of the Council,
(b)
has or had direct or indirect interest in an agreement or contract entered into by the Council, other than a contract respecting the audit, or
(c)
is or was employed by the Council in a capacity other than as an auditor.