From and after the effective date of this chapter, a certified
public accountant or firm of certified public accountants shall audit
the accounts and other evidences of financial transactions of the
Borough and Borough officers and shall submit a report of such audit
to the Council.
The Auditor shall be appointed annually by resolution of the
Council before the close of the fiscal year.
The Auditor shall make an independent examination of the financial
records of the Borough for the fiscal year and otherwise perform the
duties and exercise the power conferred upon him or it by Article
XI, Subdivision (k), of Act of February 1, 1966, P.L. (1965), No.
581, § 1196.
The compensation of the Auditor shall be determined by the Council
and paid out of Borough funds.