QUALIFICATIONS OF AN AUDITOR (S 358)

Who qualifies to be an Auditor? S 358 of CAMA For a person to qualify for appointment as an auditor of a public company,

·         he must be a member of a recognized professional accountancy body who has been duly licensed to practice by the professional accountancy body of the home country

·          and who must not have been disqualified by means of legislative instrument issued at the instance of the Registrar/Commissioner.

None of the following persons is entitled to act as auditor to either a private or a public company:

·         An officer of the company or of any associated company;

·         A person who is a partner or in the employment of an officer of the company, or of any associated company; save that partnership with a person acting as a Secretary or Registration Officer of the company or any associated company shall not constitute a disqualification;

·         An infant

·          A person found by a competent court to be of unsound mind;

·          A body corporate except that members of an incorporated partnership may be appointed;

·          An undischarged bankrupt, unless he shall have been granted leave to act as an auditor of the company concerned by the court which adjudged him bankrupt

ARTICLE BY MONDAY DESMOND