Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS REGULATIONS 2001 - REG 7.8.13

Auditor's report with annual profit and loss statement and balance sheet

             (1)  For subparagraph 989B(3)(b)(ii) or paragraph 989B(3)(c) of the Act, an auditor's report lodged with a true and fair profit and loss statement and balance sheet in respect of a financial year must be lodged with ASIC in the prescribed form.

             (2)  For subparagraph 989B(3)(b)(ii) or paragraph 989B(3)(c) of the Act, an auditor's report lodged with a true and fair profit and loss statement and balance sheet in respect of a financial year must contain a statement of the auditor's opinion on the following matters:

                     (a)  the effectiveness of internal controls used by a financial services licensee to comply with:

                              (i)  Divisions 2, 3, 4, 5 and 6 of Part 7.8 of the Act; and

                             (ii)  Division 7 of Part 7.8 of the Act other than section 991A;

                     (b)  whether each account required by sections 981B and 982B of the Act to be maintained by the financial services licensee has been operated and controlled in accordance with those sections;

                     (c)  whether all necessary records, information and explanations were received from the financial services licensee.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback