Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
386 Report to officers
to the audit committee of the company
(a) any material transactions or conditions affecting the
well-being of the company that have come to the auditor's
attention and that in the auditor's opinion are not
satisfactory and require rectification, or
(b) any material transaction that, in the auditor's opinion, was
not within the powers of the company when the transaction
occurred.
RSA 2000
(2) An auditor is not required to make a report under subsection
(1) unless the auditor becomes aware of the transactions or
conditions in the ordinary course of the auditor's duties.
(3) If the auditor of a provincial company makes a report under
subsection (1), the auditor must also transmit the report, in writing,
to the chief executive officer and the actuary of the company and to
the Minister.
1999 cI-5.1 s386