(1) The Independent Supervisor must supervise the performance by each Auditor General of his functions as a statutory auditor.
[(2) The Independent Supervisor must discharge that duty by—
(a) establishing supervision arrangements itself, or
(b) entering into supervision arrangements with one or more [recognised supervisory bodies].
(2A) If the Independent Supervisor enters into supervision arrangements with one or more bodies, it must oversee the effective operation of those supervision arrangements.]
(3) For this purpose “supervision arrangements” are arrangements [established by the Independent Supervisor or] entered into by the Independent Supervisor with
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