75Review reports

75 Review reports (1) This section applies if— (a) a reviewer is used by a small association to review the association’s statement of accounts; or (b) an auditor is appointed by a medium association to review the association’s statement of accounts. (2) For a small association, a reviewer must— (a) undertake a review of the association’s accounting records; and (b) prepare a written report; and (c) state in the report whether, on the basis of the review, anything has come to the reviewer’s attention that causes the reviewer to believe that the accounting records do not satisfy the requirements of this part. (3) For a medium association, an auditor must— (a) undertake a review of the association’s accounting records in accordance with the auditing standards; and (b) prepare a written report in accordance with the auditing standards; and (c) state in the report— (i) whether, on the basis of the review, anything has come to the reviewer’s attention that causes the reviewer to believe that the accounting records do not satisfy the requirements of this part; and (ii) whether the reviewer has been given all information, explanation and assistance necessary for the conduct of the review; and (iii) whether the association has kept accounting records sufficient to enable a statement of the association’s accounts to be prepared and reviewed; and (iv) whether the association has kept other records as required by this Act. (4) In this section: auditing standard—see the Corporations Act, section 9.