RTA · Business Corporations Act
Part 13 — Financial Disclosure
169 Auditor's duty to examine
that is in the auditor's opinion necessary to enable the auditor to
report in the prescribed manner on the financial statements required
by this Act to be placed before the shareholders, except those
financial statements or parts of those statements that relate to the
earlier of the 2 financial years referred to in section 155(1)(a)(iii).
(2) Notwithstanding section 170, an auditor of a corporation may
reasonably rely on the report of an auditor of a body corporate or
an unincorporated business the accounts of which are included in
whole or in part in the financial statements of the corporation.
(3) For the purpose of subsection (2), reasonableness is a question
of fact.
(4) Subsection (2) applies whether or not the financial statements
of the holding corporation reported on by the auditor are in
consolidated form.
1981 cB-15 s163