Companies Act 19,550 · Article 292 — Remuneration of the statutory auditor
The statutory auditor's role is remunerated (art. 292 LGS)
Article 292 of the General Companies Law establishes that the statutory auditor's role is remunerated, as set by the bylaws or the shareholders' meeting.
What article 292
Article 292 establishes the remunerated nature of the statutory auditor's office.
Official text · Act 19,550, art. 292
The statutory auditor's role is remunerated. If the remuneration is not set by the bylaws, it shall be set by the shareholders' meeting.
Source: Law 19,550, art. 292 — InfoLEG (updated official text)
Commentary
Remuneration ensures the professionalism and independence of the statutory auditor: it is not an honorary office. It is set by the bylaws or, failing that, by the shareholders' meeting.
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