Identify FOUR (4) conditions to disqualify a person from being appointed as auditors in a private company. (8 marks)
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- an officer of the company in question or of any of its associated company;
- a person who is a partner of or in the employment of an officer of the company or of any associated company;
- an infant;
- any person found by a competent court to be a person of unsound mind;
- a body corporate, except that members of an incorporated partnership may be appointed in the manner provided by law;
- any one in respect of whom restraining orders had been made under on fraudulent practices so long as such order remains in force (section 186 of Act 179)
- an undischarged bankrupt, unless he shall have been granted leave to act as auditor of the company concerned by the court by which he was adjudged bankrupt;
- a person who is for the time being disqualified from acting as auditor of a company by order of the Registrar under subsection (4) of this section: