[(1) This section applies to the appointment under section 489(4) of an auditor or auditors of a public company—
(a) which is also a public interest entity; and
(b) which does not have an audit committee.
(2) But it does not apply to the appointment of an Auditor General as auditor or one of the auditors of the company.
(3) Before an appointment to which this section applies is made the directors must propose an auditor or auditors for appointment.
(4) Before the directors make a proposal under subsection (3), the directors must carry out a selection procedure in accordance with Article
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