Northern Territory Consolidated Acts Northern Territory Consolidated Acts63. Special report
Where, in the course of an audit, an auditor considers:
(a) that the accounting records relating to trust moneys have been so kept that he or she has not been able to audit them properly;
(b) that there is a loss or deficiency of trust moneys or a failure to pay or account for trust moneys; or
(c) that there has been a failure to comply with a provision of this Part,
the auditor shall forthwith report accordingly, in writing, to the agent and, at the same time, forward a copy of the report to the Board.
Penalty: 20 penalty units.