ARTICLE EIGHT
THE AUDITORS
8.01 Appointment of Auditors
(top)
The Courts will appoint Auditors with such powers, rights,
duties and responsibilities as the Courts direct. Without
limiting the generality of the foregoing, the duties and
responsibilities of the Auditors will include (i) to audit
the accounts of the Administrator for the Plans and the
Trust in accordance with generally accepted auditing standards
on an annual basis and (ii) to file the financial statements
of the Administrator for the Plans and the Trust together
with the Auditors’ report thereon with the Courts and
deliver a copy thereof to the Joint Committee, the Trustee
and the Fund Counsel within 60 days after the end of each
financial year of the Plans and the Trust.
The fees, disbursements and other costs of the Auditors
will be paid out of the Trust in a time, in a manner and
in an amount approved by the Courts.
