3.7 Qualification and Disqualification of Auditor

Qualification: the chartered accountant (the ICAN's practising certificate — the profession's monopoly); the firm's faces (the partnership's practice-and-signing). Disqualification'scatalogue (the independence's bars — the exam's list): the company's own officer-and- employee (the director, the officer, the employee — the insider's bar); the partners-and-employees of the disqualified; the debtor-and-creditor faces (the indebtedness-to-and-the dealings-with the company — the Act's-and-the professional-code's grounds); the relationship'sbars (the director's-relative-and-the-connected faces per the Act's terms); the convicted-and-debarred (the moral-turpitude-and-the professional-discipline's removal); the over-audit caps (the maximum-audits' ceiling — the capacity's-and-attention's discipline); and the disqualified'sfirm's faces. The Nepali note: the small-profession reality (the few-firms' market concentration — the rotation's practical politics).