[HISTORY: Adopted by the Borough Council of the Borough of Franklin Park 6-11-1986 as Ch. 10 of the 1986 Code. Amendments noted where applicable.]
An auditor, who shall be a certified public accountant, a firm of certified public accountants, a competent independent public accountant or a firm of independent public accountants, shall be appointed by resolution of the Borough Council of the Borough of Franklin Park, adopted prior to the fiscal year of 1965, to audit the accounts and other evidences of financial transactions of the Borough and the Borough officers for the fiscal year then closing and annually thereafter.
The auditor, annually so appointed, shall, after auditing the accounts and other evidences of the financial transactions of the Borough and Borough officers, annually submit his or its audit report to the Borough Council.
When an auditor is appointed as herein provided, the office of elected Borough Auditor shall be and the same is hereby abolished although the Borough Auditors presently in office shall continue to hold their offices during the terms to which they were elected, and the appointed auditor hereunder shall make the audit of the Borough financial transactions and Borough officers, and the Borough Auditors shall not audit, settle or adjust the accounts audited by such appointee but shall perform the other duties of their office.
The certified public accountant or the competent independent public accountant employed under the provisions hereof shall have the same powers and duties and be subject to the same penalties as auditors insofar as such powers, duties and penalties are applicable to the functions to which the certified public accountant or the competent independent accountant is appointed to perform. The report of the certified public accountant or the competent independent public accountant is subject to appeals the same as reports of auditors, and the compensation thereof shall be fixed by the Borough Council at the instance of employment and paid out of Borough funds.