Malaysia legislation
Section 62
Section 62
No person shall be approved to audit the accounts of a registered society or, where he is already approved as an auditor, shall audit the accounts of a registered society or do anything required to be done by an auditor under this Act if—
(a)
he is in any way indebted to the registered society or to any of its subsidiaries for a sum which exceeds ten thousand ringgit:
(b)
he is an officer of the registered society or a partner of such officer in any enterprise;
(c)
he is an employee of the registered society or a partner of such employee in any enterprise;
(d)
he is an employee of an officer of the registered society or an employee of such employee; or
(e)
he has been convicted of any offence under this Act, or the Companies Act 1965 or of any offence involving fraud or dishonesty under any other written law.