In deciding whether the applicant is a suitable person to be an auditor, the chief executive may have regard to—
(a) whether the applicant has been refused an approval or an accreditation as an auditor under this Act or a corresponding law; or
(b) whether the applicant held an approval or an accreditation as an auditor under this Act or a corresponding law that was suspended or cancelled; or
(c) another matter the chief executive considers relevant to the person’s ability to perform the functions of an auditor.