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Section 65

Restriction on audit firm

of Development Financial Institutions Act 2002

ActIn forceProvision 81 of 248
Section 65
(1)

A firm shall not knowingly consent to be appointed, and shall not knowingly act, as auditor for a prescribed institution unless—

(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).