3d) Briefly explain what are the qualification to be an auditor.

To be a company auditor the person must be approved by the minister charged of finance.
According to Section 263,

1) Any person may apply to the Minister charged with the responsibility for the finance to
be approved as a company auditor for the purposes of this act.
2) The Minister may, if he is satisfied that the applicant is of good character and competent
to perform the duties of an auditor under this Act, upon payment of the prescribed fee,
approve the applicant as a company auditor.
3) Any approval granted by the Minister under subsection (2) may be made subject to such
limitations or conditions as he thinks fit and may be revoked at any time by him by the
service of a notice of revocation on the approved person.
4) Every approval under this section including a renewal of approval of a company auditor
shall be in force for a period of two years after the date of issue unless sooner revoked by
the Minister.

He must be a registered public accountant with the Malaysian Institute of Accountants (MIA)
under the Accountants Act 1967(Act 941). MIA will consider a person as a public accountant if
the person is at least 21 years of age and in the opinion of the Council of the Institute, a fit and
proper person to be admitted as an auditor. He must pass the final examination in accounting of
one of the institute or be a member of one the specified professional bodies under s.14(1)(a) First
Schedule, Accountants Act 1967.