SECTION 698

The following shall not be auditors: 1) founders, shareholders, beneficiaries of special benefits, company managers or of its subsidiaries, as well as their spouse (s); 2) parents and allies, to the fourth degree included, of the persons referred to in paragraph 1) of this article; 3) company managers holding one-tenth of the capital of the company or in which the latter holds one-tenth of the capital, as well as their spouse (s); 4) persons that, directly or indirectly, or through an intermediary, receive either from persons listed in paragraph 1) of this article, or from any company referred to in paragraph 3) of this article, any salary or remuneration for a permanent activity other than that of an auditor; the same shall apply to spouses of those persons; 5) firms of auditors, one of whose the partners, shareholders or managers meet one of the criteria situations described in in the preceding paragraphs; 6) firms of auditors, one of whose the managers, either partner or shareholder working as an auditor, has a spouse who meets one of the criteria of paragraph 5) of this article.