Persons that have been directors, general directors, deputy general directors, general manager, deputy general manager, managers or employees of a company shall not be appointed auditors of the company less than five (5) years after they have left the said company.
During the same period, they shall not be appointed auditors in companies owing ten percent (10%) of the capital of the company in which they performed their duties or in which the latter holds ten percent (10%) of the capital at the time of their departure from the company.
Prohibitions contemplated in this article for the persons mentioned in the first paragraph are applicable to the firms of the auditors in which the said persons are partners, shareholders or part of company management.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 182
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 700 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014