Section 62
of Co-Operative Societies Act 1993
Section 62
No person shall be approved to audit the accounts of a co-operative society or, where he is already approved as an auditor, shall audit the accounts of a co-operative society or do anything required to be done by an auditor under this Act if—
(a)
he is in any way indebted to the co-operative society or to any of its subsidiaries;
58 Laws of Malaysia ACT 502
(aa) he is a member of the co-operative society or a spouse to the officer of the co-operative society;
(b)
he is an officer of the co-operative society or a partner of such officer in any enterprise;
(c)
he is an employee of the co-operative society or a partner of such employee in any enterprise;
(d)
he is an employee of an officer of the co-operative society or an employee of such employee; or
(e)
he has been compounded or 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.