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AUDIT ACT 1994 - SECT 25 Conduct of financial audits under a public purpose audit arrangement

AUDIT ACT 1994 - SECT 25

Conduct of financial audits under a public purpose audit arrangement

    (1)     If the Auditor-General enters into a public purpose audit arrangement, the Auditor-General must audit the financial statements of the entity that entered into the arrangement—

        (a)     from time to time; and

        (b)     at least once in each year.

    (2)     The Auditor-General may dispense with all or any part of the audit of the entity's financial statements in any year.

    (3)     After auditing an entity's financial statements, the Auditor-General must express a written audit opinion on the financial statements.

    (4)     The audit opinion must be expressed within 4 weeks after the day on which the financial statements were received by the Auditor-General for auditing.

New s. 26 inserted by No. 12/2019 s. 9.