Microfinance Act

30. Qualifications of an external auditor

Edition: 2024-12-27 · In force

A person shall be qualified for appointment as an external auditor of an institution if that person—

(a)is qualified as an auditor under the Companies Act (Cap. 486); and

(b)is not—

(i)an officer or employee of the institution;

(ii)a partner of an officer or employee of the institution;

(iii)an employer or employee of an officer or employee of the institution;

(iv)officer or employee of an associate of the institution;

(v)a partner or an employer of a person who regularly performs the duties of secretary or book-keeper for the institution; or

(vi)a firm or member of a firm of auditors of which any partner or employee falls within the categories enumerated in this section.