Section (c) there is nothing to the auditor’s kn - Banking, Insurance and Life Insurance (prudential standards) determination No. 3 of 2011 - Prudential Standard CPS 510 - Governance - (c) there is nothing to the auditor’s knowledge (either in relation to the individual auditor or any audit firm or audit company of which the auditor is a member or director) that could compromise that independence.

(c) there is nothing to the auditor’s kn(c) there is nothing to the auditor’s knowledge (either in relation to the individual auditor or any audit firm or audit company of which the auditor is a member or director) that could compromise that independence.

Start here

Get a plain-English read of (c) there is nothing to the auditor’s kn

Turn the raw legal text into a practical explanation grounded in Banking, Insurance and Life Insurance (prudential standards) determination No. 3 of 2011 - Prudential Standard CPS 510 - Governance.

(c) there is nothing to the auditor’s knowledge (either in relation to the individual auditor or any audit firm or audit company of which the auditor is a member or director) that could compromise that independence.

For the purposes of this Prudential Standard, a conflict of interest situation exists in relation to a regulated institution at a particular time, if because of circumstances that exist at that time:

(a) the auditor is not capable of exercising objective and impartial judgement in relation to the conduct of the work that is undertaken for the regulated institution in relation to the Prudential Acts, Prudential Standards or Reporting Standards; or

(b) a reasonable person, with full knowledge of all relevant facts and circumstances, would conclude that the auditor is not capable of exercising objective and impartial judgement in relation to undertaking the work for the regulated institution for the purposes of the Prudential Acts, Prudential Standards or Reporting Standards.[17]