sec.472Report about audit for compliance, nonconformance or check audit          

### sec.472 Report about audit for compliance, nonconformance or check audit           An auditor must, within 14 days after completing a compliance, nonconformance or check audit of the business of the other party to a compliance agreement, give a report about the audit to the following unless the auditor has a reasonable excuse— the other party; the chief executive. Maximum penalty—100 penalty units. The report must include all of the following information— the auditor’s name; the days the audit started and ended, and the time spent conducting the audit; the address of, or other information sufficient to identify, the place at which the audit was conducted; details of the activities audited; whether, in the auditor’s opinion, the business complies or does not comply with the compliance agreement; the reasons that the auditor considers the activities comply or do not comply with the compliance agreement; if the activities do not comply with the compliance agreement—details of action taken, or proposed to be taken, to remedy the noncompliance; whether, in the auditor’s opinion— an auditor needs to conduct a nonconformance audit of the business in relation to any noncompliance identified in the audit; or the frequency of compliance audits for the business should be changed, and if so, the reasons that the auditor considers the frequency should be changed; other information prescribed under a regulation. (sec.472-ssec.1) An auditor must, within 14 days after completing a compliance, nonconformance or check audit of the business of the other party to a compliance agreement, give a report about the audit to the following unless the auditor has a reasonable excuse— the other party; the chief executive. Maximum penalty—100 penalty units. (sec.472-ssec.2) The report must include all of the following information— the auditor’s name; the days the audit started and ended, and the time spent conducting the audit; the address of, or other information sufficient to identify, the place at which the audit was conducted; details of the activities audited; whether, in the auditor’s opinion, the business complies or does not comply with the compliance agreement; the reasons that the auditor considers the activities comply or do not comply with the compliance agreement; if the activities do not comply with the compliance agreement—details of action taken, or proposed to be taken, to remedy the noncompliance; whether, in the auditor’s opinion— an auditor needs to conduct a nonconformance audit of the business in relation to any noncompliance identified in the audit; or the frequency of compliance audits for the business should be changed, and if so, the reasons that the auditor considers the frequency should be changed; other information prescribed under a regulation. - (a) the other party; - (b) the chief executive. - (a) the auditor’s name; - (b) the days the audit started and ended, and the time spent conducting the audit; - (c) the address of, or other information sufficient to identify, the place at which the audit was conducted; - (d) details of the activities audited; - (e) whether, in the auditor’s opinion, the business complies or does not comply with the compliance agreement; - (f) the reasons that the auditor considers the activities comply or do not comply with the compliance agreement; - (g) if the activities do not comply with the compliance agreement—details of action taken, or proposed to be taken, to remedy the noncompliance; - (h) whether, in the auditor’s opinion— (i) an auditor needs to conduct a nonconformance audit of the business in relation to any noncompliance identified in the audit; or (ii) the frequency of compliance audits for the business should be changed, and if so, the reasons that the auditor considers the frequency should be changed; - (i) an auditor needs to conduct a nonconformance audit of the business in relation to any noncompliance identified in the audit; or - (ii) the frequency of compliance audits for the business should be changed, and if so, the reasons that the auditor considers the frequency should be changed; - (i) other information prescribed under a regulation. - (i) an auditor needs to conduct a nonconformance audit of the business in relation to any noncompliance identified in the audit; or - (ii) the frequency of compliance audits for the business should be changed, and if so, the reasons that the auditor considers the frequency should be changed;