Companies Act 1965, Section 8 requires a company to appoint an approved company’s auditor. The auditor must:

• Not be indebted to the company, its holding company or subsidiaries in an amount exceeding RM 2,500
  
• Not a partner nor employer nor an employee of the audited company
  
• Should not be a shareholder or a spouse of the shareholder to the audited company.

For more information on auditing, please refer to Section 9 (Auditors) Companies Act 1965.