Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 7 - RECORD KEEPING, REPORTING REQUIREMENTS AND BOOKS  

PART 7-3 - REPORTING REQUIREMENTS  

Division 339 - Audit of financial reports  

Subdivision 339-A - 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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