Section 9
Audit
of Housing Development (Control and Licensing) Act 1966
(2)
No person having an interest in the business of a licensed housing developer either as a shareholder or otherwise; and no director, officer, employee or agent of a licensed housing developer shall be eligible for appointment as an auditor of the housing developer; and where any person who is appointed as an auditor of a licensed housing developer shall after his appointment acquire an interest in the business of the licensed housing developer or become a director, an officer, employee or agent of the licensed housing developer, he shall forthwith cease to be an auditor of that licensed housing developer.
22 Laws of Malaysia ACT 118
(3)
Every auditor of a licensed housing developer shall make a report to the Controller as to the annual balance-sheet and profit and loss accounts of the licensed housing developer for whom the auditor is appointed and shall state in every such report whether or not in his opinion—
(a)
the balance-sheet and the profit and loss accounts are properly drawn up and so as to give a true and fair account of the state of the licensed housing developer’s affairs;
(b)
the accounting and the records examined by him are properly kept; and
(c)
if the auditor has called for an explanation or information from the officers or agents of the licensed housing developer, such explanation or information has been satisfactory.
(4)
Every auditor of a licensed housing developer shall have a right of access at all times to the accounting and other records of the licensed housing developer and shall be entitled to require such information and explanation as he desires for the purpose of audit from the officers of the licensed housing developer or from any other person who is in possession of the information or who could give the information or explanation.
(5)
In addition to the duties and powers under this section, every auditor of a licensed housing developer may also exercisethe powers and perform the duties conferred or imposed upon the Controller and Inspectors under section 10 relating to the investigation into the affairs of a licensed housing developer or his accounting or other records.