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    <title>Eligibility, qualifications and disqualifications of auditors</title>
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    <description>Eligibility to be appointed auditor is limited to a chartered accountant or a firm with a majority of practising partners qualified as such; only qualifying partners may sign for an appointed firm. A prescribed set of disqualifications-including corporate status (except LLP), employment ties with the company, ownership or indebtedness above prescribed thresholds, specified business relationships, relatives in managerial roles, full time employment elsewhere, excess concurrent auditor appointments, certain fraud convictions, and rendering proscribed services-bar appointment or require vacation of office if incurred after appointment, with such vacation treated as a casual vacancy.</description>
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