The assembly shall provide for an independent annual audit of all municipal accounts, or more frequent audits as deemed necessary. Such audits shall be made by a certified public accountant, or firm staffed by such accountants, who have no personal interest, direct or indirect, in the fiscal affairs of this municipality or any of its offices. The assembly may, without requiring competitive bidding, designate such accountant or firm. [Ord. 71-5-O, 1971; prior code Ch. 7 subch. 1 §7. Formerly §3.04.070].