14 Auditor
the management body.
(2) No member of the board, officer, agent or employee of a
management body is eligible to be the auditor of that management
body.
(3) An auditor appointed by a management body is at all
reasonable times and for any purpose related to an audit entitled to
access to
(a) the records of the management body, and
(b) data processing equipment owned or leased by the
management body.
(4) A member of the board and an officer, agent or employee of a
management body shall give the auditor any information, reports or
explanations the auditor considers necessary for the purpose of
assisting the auditor in carrying out the auditor's duties as auditor.
(5) An auditor who receives information from a person whose
right to disclose that information is restricted by law holds that
RSA 2000
information under the same restrictions respecting disclosure that
govern the person from whom the information was obtained.
(6) The auditor must report to the board of the management body
on the annual financial statements of the management body, and
the report must include
(a) a statement as to whether
(i) the auditor's examination was made in accordance with
generally accepted auditing standards, and
(ii) in the auditor's opinion, t he annual financial statements
fairly present the financial position of the management
body, the results of its operations and the changes in its
financial position for the year, in accordance with the
disclosed basis of accounting;
(b) the reasons for any reservation of opinion expressed by th e
auditor, and the effect of any deficiency on the financial
statements;
(c) any other comments related to the audit of the financial
statements that the auditor considers appropriate.
(7) The auditor must report separately to the board of the
management body any improper or unauthorized transaction or
non-compliance with this or any other enactment that is noted
during the course of an audit, and must also forward a copy of that
report to the Minister.
(8) The Minister or the board of the management body may require
any further examination and report from the auditor that the
Minister or the board considers necessary.
1994 cA-30.1 s14