Part 6 — Management and Administration Division 1 Membership
132 Eligibility for appointment as auditor
appointed as auditor of a company who is a director, officer or
employee of that company or an affiliated company or who is a
partner, employer or employee of any such director, officer or
employee.
(2) On the unanimous vote of the shareholders of a private
company present or represented at the meeting at which the auditor
is appointed, a director, officer or employee of that company or an
affiliated company or a partner, employer or employee of the
director, officer or employee may be appointed as auditor of that
company, if it is not a subsidiary company of a public company
incorporated in Alberta or elsewhere in Canada.
(3) A person appointed as auditor under subsection (2) shall
indicate in the report to the shareholders on the annual financial
statement of the company that the person is a director, officer or
employee of the company or a partner, employer or employee of a
director, officer or employee of the company.
RSA 1980 cC-20 s132