THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

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PART 2M.3 - FINANCIAL REPORTING

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Division 6 - Special provisions about consolidated financial statements

SECTION 323A AUDITOR'S POWER TO OBTAIN INFORMATION FROM CONTROLLED ENTITY

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323A(1) (Auditor's powers)

An auditor who audits or reviews a financial report that includes consolidated financial statements:

(a) has a right of access at all reasonable times to the books of any controlled entity; and

(b) may require any officer of the entity to give the auditor information, explanations or other assistance for the purposes of the audit or review.

A request under paragraph (b) must be a reasonable one.

323A(2) (Expenses)

The information, explanations or other assistance required under paragraph (1)(b) is to be given at the expense of the company, registered scheme or disclosing entity whose financial report is being audited or reviewed.

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