Section 143 - Auditor to avoid conflict of interest

(1) An auditor of a company shall ensure that in carrying out the duties of an auditor under this Part, the personal judgment of the auditor is not impaired by reason of any relationship with or interest in the company or any of the subsidiaries of the company.

(2) Without limiting subsection (1), a company, person or firm that carries out duties of an auditor shall not engage in any relationship with a client that will result in a conflict of interest between that person or firm and that client including a relationship with a client that will

(a) place the person or firm in the position of auditing work of that person or firm;

(b) result in that person or firm acting as management or an employee of the client; or

(c) place that person or firm in a position of being an advocate for the client.

(3) Subsection (2) applies to the appointment of an auditor who is appointed to perform the services of a receiver.