333‑15.01 Other requirements in relation333‑15.01 Other requirements in relation to report

#### 333‑15.01 Other requirements in relation to report (1) For subsection 333‑15(1) of the Act, an Aboriginal and Torres Strait Islander corporation must have its financial report audited and must obtain an auditor’s report. (2) The auditor of a financial report must be: (a) an individual auditor who is a registered company auditor; or (b) an audit firm that has at least 1 member who is a registered company auditor who is ordinarily resident in Australia; or (c) an authorised audit company. (3) The audit of a financial report must be conducted in accordance with the auditing standards. > Note: For the definition of auditing standard, see section 700‑1 of the Act. (4) For paragraph 333‑15(2)(e) of the Act , the financial report of an Aboriginal and Torres Strait Islander corporation must be prepared in accordance with all applicable accounting standards: (a) to the extent that the accounting standards are capable of applying to an Aboriginal and Torres Strait Islander corporation; and (b) whether or not the corporation is or would be regarded as a reporting entity within the meaning of that term in the accounting standards.