Corporations Regulations 2001

CHAPTER 9 - MISCELLANEOUS  

PART 9.2A - AUTHORISED AUDIT COMPANIES  

Division 1 - Registration  

REGULATION 9.2A.03   ANNUAL STATEMENTS BY AUTHORISED AUDIT COMPANY (ACT s 1299G)  

9.2A.03(1)   [ Required information]  

For subsection 1299G(1A) of the Act, the information is:

(a) whether the information about the company on the Register of Authorised Audit Companies under section 1299E of the Act is correct; and

(b) a statement of whether the company has, at all times in the relevant period, met the requirements of paragraphs 1299B (a), (b), (c) and (e) of the Act; and

(c) if the company has not, at all times in the relevant period, met the requirements of paragraphs 1299B (a), (b), (c) and (e) of the Act - details about the way in which the company did not meet the requirements; and

(d) the following details about the company's professional indemnity insurance policy for claims that may be made against the applicant in relation to the audit of companies and registered schemes under the Act:

(i) the insurer's name;

(ii) the policy number;

(iii) the terms and conditions of the policy; and

(e) information about criminal proceedings (if any) that have been taken against the company in the relevant period; and

(f) for each director of the company and each employee of the company who is a registered company auditor, details of criminal or disciplinary proceedings (if any) that have been taken against the director or employee in the relevant period (including exclusion from practice as an auditor or liquidator or suspension of registration as an auditor or liquidator); and

(g) a statement of whether the company has resigned or been removed from office as an auditor during the relevant period; and

(h) if the company has resigned or been removed from office as an auditor during the relevant period, the following details about each resignation or removal:

(i) the name and ACN of the corporation, registered scheme, disclosing entity or financial services licensee being audited;

(ii) the date of the company's resignation or removal from office;

(iii) the reason for the company's resignation or removal from office; and

(i) a statement of whether a director or employee of the company has resigned or been removed from office as a liquidator during the relevant period; and

(j) if a director or employee of the company has resigned, or has been removed from office as a liquidator, during the relevant period, the following details about each resignation or removal:

(i) the name and ACN of the corporation, registered scheme, disclosing entity or financial services licensee being liquidated;

(ii) the date of the resignation or removal from office;

(iii) the reason for the resignation or removal from office; and

(k) a list of the 10 audits, including the approximate dollar value of the fees, for which the company has received the highest audit engagement fees in the relevant period.

9.2A.03(2)   [ ``relevant period'']  

In this regulation:

relevant period
means the period of 12 months to which the statement relates under subsection 1299G(1) of the Act.