sec.17Duties of auditor

### sec.17 Duties of auditor Where in performance of the auditor’s duties as auditor for a trustee an auditor becomes aware of any matter which in the auditor’s opinion— may adversely affect the financial position of the trustee to a material extent; or constitutes a breach of section 6 or 7 ; or is otherwise an irregularity in relation to the accounting and other records or trust accounts of the trustee that ought to be brought to notice; the auditor must, within 7 days after becoming aware of the matter, give to the supervising entity and the trustee a written report on the matter. Maximum penalty—200 penalty units. s 17 amd 1974 No. 22 s 4 ; 1990 No. 80 s 3 sch 1 ; 1990 No. 85 s 5 sch 2 ; 1997 No. 55 s 15 ; 2023 No. 23 s 220 - (a) may adversely affect the financial position of the trustee to a material extent; or - (b) constitutes a breach of section 6 or 7 ; or - (c) is otherwise an irregularity in relation to the accounting and other records or trust accounts of the trustee that ought to be brought to notice;