(1) An auditor of a reporting unit may resign by giving written notice to the reporting unit.
(2) The resignation takes effect on the day stated in the notice or, if no day is stated, the day the notice is given to the reporting unit.
(3) If the auditor asks the reporting unit to allow the auditor to explain the auditor’s reasons for resigning, the reporting unit’s organisation must ensure the reporting unit does 1 of the following—(a) distributes to the reporting unit’s members written reasons for resignation prepared by the auditor;(b) gives the auditor the opportunity to explain the reasons to a general meeting of the reporting unit.Penalty—Maximum penalty—100 penalty units.
(4) The reporting unit’s management committee may choose which method is used.