Audit of accounting records
47 Audit of accounting records
(1) The corporation may decide at an annual general meeting that the accounting records of the corporation for the last financial year must be audited by:
(a) a person who is a registered company auditor, under the Corporations Act 2001, or a firm whose members include a registered company auditor; or
an authorised audit company; or
(c) a person who is a member of CPA Australia, the Institute of Public Accountants or the Institute of Chartered Accountants in Australia; or
(d) another person approved by the Minister as an auditor for this clause.
(2) A person must not audit the accounting records if the person has a direct or indirect personal or financial interest in the corporation.
(3) The auditor must give a written report of the audit to the corporation.
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