CORPORATIONS ACT 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 4 - Deliberately disqualifying auditor  

SECTION 324CM   DELIBERATELY DISQUALIFYING AUDITOR  

324CM(1)   Individual auditor.  

An individual contravenes this subsection if:


(a) the individual is appointed auditor of a company or registered scheme; and


(b) while the appointment continues, the individual brings about a state of affairs; and


(c) the individual cannot, while that state of affairs continues, act as auditor of the company or scheme without contravening Division 2 or 3 .

324CM(2)   Audit firm.  

A member of a firm contravenes this subsection if:


(a) the firm is appointed auditor of a company or a registered scheme; and


(b) while the appointment continues, the member brings about a state of affairs; and


(c) the firm cannot, while that state of affairs continues, act as auditor of the company or scheme without a person contravening Division 2 or 3 .

324CM(3)   Audit company.  

A person who is:


(a) a member of a company; or


(b) a director of a company; or


(c) a lead auditor in relation to an audit conducted by a company;

contravenes this subsection if:


(d) the company is appointed auditor of a company or a registered scheme; and


(e) while the appointment continues, the person brings about a state of affairs; and


(f) the company cannot, while that state of affairs continues, act as auditor of the company or scheme without contravening Division 2 or 3 .


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.