Part 10 — Financial Disclosure
242 Examination
that is, in the auditor's opinion, necessary to enable the auditor to
report in the manner that may be prescribed on the financial
statements required by this Act to be placed before the members or
investment shareholders, except any financial statements or parts of
statements that relate to the earlier of the 2 financial years referred
to in section 228(1)(a)(iii).
(2) Notwithstanding section 243, an auditor of a cooperative may
reasonably rely on the report of an auditor of an entity the accounts
of which are included in whole or in part in the financial statements
of the cooperative.
(3) Subsection (2) applies whether or not the financial statements
of the cooperative reported on by the auditor are in consolidated
form.