Person as society’s auditor

Current

A person must not—

(a)

consent to be appointed as auditor of a society; or

(b)

act as auditor of a society; or

(c)

prepare a report required by this Act to be prepared by a registered company auditor or by an auditor of a society;

if—

(d)

the person is not a registered company auditor; or

(e)

the person is indebted in an amount of more than $5000 to the society; or

(f)

the person—

(i)

is an officer of the society; or

(ii)

is a partner, employer or employee of an officer of the society; or

(iii)

is a partner or employee of an employee of an officer of the society.

Maximum penalty—160 penalty units.

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