118Auditor reports

118 Auditor reports (1) An auditor’s report of a licensed property agent’s records must state whether, in the auditor’s opinion— (a) the agent has kept the accounting and other records relating to trust money in accordance with this part; and (b) the records were available for the auditor’s examination within a reasonable time after the auditor asked for them; and (c) the agent complied with the auditor’s requirements within a reasonable time; and (d) there is any discrepancy relating to a trust account; and (e) any records to which the audit relates are kept in a way that does not allow them to be properly audited or are missing; and (f) records that are necessary for the proper audit of other records are missing; and (g) there is anything else in relation to the records about which the commissioner for fair trading or the agent should be informed. (2) As soon as practicable after finishing the audit, the auditor must prepare a report of the result of the audit and give the report to the commissioner for fair trading and a copy to the licensed property agent.