Trust Accounts Regulation 1999
sec.27Unannounced examination
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sec.27 Unannounced examination
If an auditor conducts an unannounced examination under section 18 (1) of the Act , the records and accounts the auditor must examine are the records and accounts kept by the trustee in the examination period. In this section— examination period means the period— from the end day of the later of— the last audit of the trustee’s records and accounts; or the last examination of the trustee’s records and accounts; to the last day of the month immediately preceding the day the auditor first visited the trustee’s place of business for the examination. (sec.27-ssec.1) If an auditor conducts an unannounced examination under section 18 (1) of the Act , the records and accounts the auditor must examine are the records and accounts kept by the trustee in the examination period. (sec.27-ssec.2) In this section— examination period means the period— from the end day of the later of— the last audit of the trustee’s records and accounts; or the last examination of the trustee’s records and accounts; to the last day of the month immediately preceding the day the auditor first visited the trustee’s place of business for the examination.
- (a) from the end day of the later of— (i) the last audit of the trustee’s records and accounts; or (ii) the last examination of the trustee’s records and accounts;
- (i) the last audit of the trustee’s records and accounts; or
- (ii) the last examination of the trustee’s records and accounts;
- (b) to the last day of the month immediately preceding the day the auditor first visited the trustee’s place of business for the examination.
- (i) the last audit of the trustee’s records and accounts; or
- (ii) the last examination of the trustee’s records and accounts;