Banking Act 1959
Part II
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Provisions relating to the carrying on of banking business
Division 2A
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Auditors of ADIs and authorised NOHCs and their subsidiaries
SECTION 16AV
Appointed auditor
'
s functions and duties
(1)
This section applies if the prudential standards require an auditor to be appointed.
(2)
The appointed auditor must perform the functions and duties of an auditor that are set out in the prudential standards.
(3)
The appointed auditor must comply with the prudential standards in performing the functions and duties.
(4)
The ADI or authorised NOHC, or subsidiary of an ADI or authorised NOHC, to whom the prudential standards apply must make any arrangements that are necessary to enable the appointed auditor to perform the functions and duties.
This section applies if the prudential standards require an auditor to be appointed.
(2)
The appointed auditor must perform the functions and duties of an auditor that are set out in the prudential standards.
(3)
The appointed auditor must comply with the prudential standards in performing the functions and duties.
(4)
The ADI or authorised NOHC, or subsidiary of an ADI or authorised NOHC, to whom the prudential standards apply must make any arrangements that are necessary to enable the appointed auditor to perform the functions and duties.
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