sec.149Immediate suspension of approval

sec.149 Immediate suspension of approval

The chief executive may suspend an auditor’s approval immediately if the chief executive believes— a ground exists to suspend or cancel the approval; and it is necessary to suspend the approval immediately because of an immediate and serious risk to public health or safety if the auditor were to continue to conduct audits. The suspension— can be effected only by the chief executive giving an information notice to the auditor about the decision to suspend the approval, together with a show cause notice; and operates immediately the notices are given to the auditor; and continues to operate until the earliest of the following happens— the chief executive cancels the remaining period of the suspension; the show cause notice is finally dealt with; 30 days have passed since the notices were given to the auditor. Subsection (4) applies if— a suspension under this section stops because— the chief executive cancels the remaining period of the suspension; or the show cause notice is finally dealt with by a decision being made not to cancel or suspend the approval; or 30 days have passed since the notices mentioned in subsection (2) (a) were given to the auditor; and the auditor has returned the approval to the chief executive under section 150 . The chief executive must, as soon as practicable, give the approval to the auditor. (sec.149-ssec.1) The chief executive may suspend an auditor’s approval immediately if the chief executive believes— a ground exists to suspend or cancel the approval; and it is necessary to suspend the approval immediately because of an immediate and serious risk to public health or safety if the auditor were to continue to conduct audits. (sec.149-ssec.2) The suspension— can be effected only by the chief executive giving an information notice to the auditor about the decision to suspend the approval, together with a show cause notice; and operates immediately the notices are given to the auditor; and continues to operate until the earliest of the following happens— the chief executive cancels the remaining period of the suspension; the show cause notice is finally dealt with; 30 days have passed since the notices were given to the auditor. (sec.149-ssec.3) Subsection (4) applies if— a suspension under this section stops because— the chief executive cancels the remaining period of the suspension; or the show cause notice is finally dealt with by a decision being made not to cancel or suspend the approval; or 30 days have passed since the notices mentioned in subsection (2) (a) were given to the auditor; and the auditor has returned the approval to the chief executive under section 150 . (sec.149-ssec.4) The chief executive must, as soon as practicable, give the approval to the auditor.

• (a) a ground exists to suspend or cancel the approval; and
• (b) it is necessary to suspend the approval immediately because of an immediate and serious risk to public health or safety if the auditor were to continue to conduct audits.