17
In forceDuties of auditor
Part 3Audits and auditors
17 Duties of auditor
Where in performance of the auditor’s duties as auditor for a trustee an auditor becomes aware of any matter which in the auditor’s opinion—
(a)
may adversely affect the financial position of the trustee to a material extent; or
(b)
constitutes a breach of section 6 or 7; or
(c)
is otherwise an irregularity in relation to the accounting and other records or trust accounts of the trustee that ought to be brought to notice;
the auditor must, within 7 days after becoming aware of the matter, give to the supervising entity and the trustee a written report on the matter. Maximum penalty—200 penalty units.
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