Sacco Societies Act

45. Qualifications of external auditors

Edition: 2025-06-20 · In force

A person shall be qualified for appointment as an external auditor of a Sacco society if that person—

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

(b)is among the list of auditors approved and duly registered by the Authority; and

(c)is not—

(i)an officer of a Sacco society;

(ii)a partner of a director of a Sacco society;

(iii)an employer or employee of an officer of a Sacco society;

(iv)an officer or employee of an associate of a Sacco society;

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