Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part VII · Auditor and Accounts
65. Restriction on audit firm
Feedback & support(1)
A firm shall not knowingly consent to be appointed, and shall not knowingly act, as auditor for a prescribed institution unless—
prescribed institution
Defined · s 3
“prescribed institution” means a development financial institution which is prescribed by the Minister under subsection 2(1);
(a)
all the partners of the firm who are resident in Malaysia are approved company auditors; and
(b)
subject to subsection 64(3), no partner is disqualified under paragraphs 64(1)(b) to (e), from acting as the auditor of the prescribed institution.
(2)
(Deleted by Act A1502).