Ineligible person or firm must not consent to act or disqualify themselves etc.
(1) A person or firm, while ineligible to act as auditor of the licensee, must not: (a) consent to be appointed as auditor of the licensee; or (b) act as auditor of the licensee; or (c) prepare a report that an auditor of the licensee is to prepare under this Part. Note: Failure to comply with this subsection is an offence (see subsection 1311(1)). (2) A person must not: (a) if the person has been appointed auditor of the licensee—disqualify himself or herself, while the appointment continues, from acting as auditor of the licensee; or (b) if the person is a member of a firm that has been appointed auditor of the licensee—disqualify the firm, while the appointment continues, from acting as auditor of the licensee. Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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