Financial and Performance Management Standard 2019
sec.43Statutory bodies to consider authorised auditors’ reports and comments, observations and suggestions
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sec.43 Statutory bodies to consider authorised auditors’ reports and comments, observations and suggestions
At the first ordinary meeting held by a statutory body after it receives, from the authorised auditor for the statutory body, its annual financial statements and the authorised auditor’s report on the statements, the statutory body must consider the statements and the report. If the report contains comments, observations or suggestions about anything arising out of an audit, the statutory body must— consider the comments, observations or suggestions; and if the statutory body believes it is appropriate to take a particular action in response to the comments, observations or suggestions—take the action. (sec.43-ssec.1) At the first ordinary meeting held by a statutory body after it receives, from the authorised auditor for the statutory body, its annual financial statements and the authorised auditor’s report on the statements, the statutory body must consider the statements and the report. (sec.43-ssec.2) If the report contains comments, observations or suggestions about anything arising out of an audit, the statutory body must— consider the comments, observations or suggestions; and if the statutory body believes it is appropriate to take a particular action in response to the comments, observations or suggestions—take the action.
- (a) consider the comments, observations or suggestions; and
- (b) if the statutory body believes it is appropriate to take a particular action in response to the comments, observations or suggestions—take the action.