Auditor not subject to direction
7D Auditor not subject to direction
An auditor who conducts an audit of the financial statements for the purposes of the annual report is not subject to direction by any person about —
the way in which the auditor’s functions in relation to the audit or report on the financial statement are to be performed; or
the priority to be given to the audit or report on the financial statement.
Despite subregulation (1)(b), the Regulator and the auditor may enter into an agreement to ensure an audit or report is provided in sufficient time for it to be included in the annual report to be delivered to the responsible Ministers under section 43(1) (Annual report) of the Law.
Subregulation (1) does not limit the functions of the Auditor‑General of a participating jurisdiction under whose authority an audit is being conducted or a report is being prepared.
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