9‑4 Audit reports9‑4 Audit reports

9‑4 Audit reports

(1) After an auditor completes an audit, or the audit ends, the auditor must make a written report (an audit report) of the audit. (2) The audit report must include the following: (a) the name of the auditor; (b) the day the audit commenced and the day the audit was completed or ended; (c) a description of the export operations, or the matters referred to in subsection 267(1) of the Act, to which the audit relates; (d) a description of the nature and scope of the audit. (3) The audit report must state: (a) whether, in the auditor’s opinion: (i) the audit was satisfactorily completed or the audit was ended before it could be satisfactorily completed; and (ii) the requirements to which the audit relates are being, or have been, complied with; and (b) the reasons for the auditor’s opinion. (4) If the audit identified that there is, or there has been, non‑compliance with one or more requirements to which the audit relates, the audit report must: (a) describe each instance of non‑compliance; and (b) state the reasons for the auditor’s opinion. (5) The audit report may also: (a) include recommendations that any of the following actions be taken: (i) action to address any non‑compliance with a requirement to which the audit relates; (ii) action to ensure that any such non‑compliance does not recur; (iii) action to address the risk of a potential non‑compliance with a requirement to which an audit may relate; (iv) action to assess the effectiveness of an action referred to in subparagraph (i), (ii) or (iii); and (b) identify any risk of a potential non‑compliance with a requirement to which an audit may relate. (6) Within 10 business days after the audit is completed or ends, the auditor must give a copy of the audit report to the relevant person for the audit.

Note: For the relevant person for an audit, see section 269 of the Act.