145Final audit on merger etc

#### 145 Final audit on merger etc 145 Final audit on merger etc > > (1) If a society is dissolved as part of a merger or transfer of engagements under Part 5 (Mergers and transfers of engagements) and the Registrar directs that this section is to apply to the merger or transfer, the auditor of the society must prepare a report containing the statements referred to in section 143 (2) relating to the accounts and accounting records of the society for the financial year up to the date of dissolution of the society and for the preceding financial year if an auditor’s report has not been prepared relating to the accounts of the society for that year. > > > (2) The provisions of section 144 (Powers and duties of auditor) relating to the rights of access of an auditor to the records of a society and any entity controlled by a society apply in relation to a report under this section as if it were a report required under section 143 (Auditor’s report). > > > (3) A report required under this section in relation to the accounts of a society dissolved as part of a merger or transfer of engagements must be given by the auditor to the directors of the merged society, or transferee society, as the case may be, within 2 months after the date of the merger or transfer and the directors of the merged society or transferee society must in turn, within 3 months after the date of the merger or transfer, send each auditor’s report together with the accounts of each society dissolved as part of the merger or transfer to the Registrar. > > > (4) An auditor of a society who contravenes this section commits an offence. > > > > Maximum penalty—20 penalty units. > > > (5) A director of a society must take all reasonable steps to ensure that a report required by this section to be sent to the Registrar by the directors of a society is so sent. > > > > Maximum penalty—20 penalty units. > > **s 145:** Am 2015 No 15, Sch 1.5.