Grounds for suspension or cancellation
144 Grounds for suspension or cancellation
Each of the following is a ground for suspending or cancelling an auditor’s approval—
the auditor is not, or is no longer, a suitable person to be an auditor;
the auditor does not have the necessary expertise or experience to perform the auditor’s functions;
the auditor has contravened a condition of the approval;
the audits conducted by the auditor have not been conducted honestly, fairly or diligently;
the approval was issued because of a materially false or misleading representation or declaration.
For forming a belief that the ground mentioned in subsection (1)(a) exists, the chief executive may have regard to the matters to which the chief executive may have regard in deciding whether a person is a suitable person to be an auditor.
This Act’s bill:Explanatory memorandum
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