Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 7
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RECORD KEEPING, REPORTING REQUIREMENTS AND BOOKS
PART 7-3
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REPORTING REQUIREMENTS
Division 339
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Audit of financial reports
Subdivision 339-A
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Introduction
SECTION 339-1
WHAT THIS DIVISION IS ABOUT
An Aboriginal and Torres Strait Islander corporation may be required to have its financial report for a financial year audited (see subsections 333-15(1) , 336-1(7) and 336-5(7) ).
This Division deals with the conduct of the audit of the financial report and the preparation of the auditor ' s report in relation to the financial report.
The auditor ' s report must cover the matters set out in section 339-40 .
Auditors are required to be independent of the corporations that they are auditing (see Subdivision 339-D ). Auditors also have certain powers and duties (see Subdivision 339-E ).
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