C-4.1 - Savings and Credit Unions Act

Section 300 Disposition versions

1989-03-15

300. The auditor shall indicate in the report required under section 299

(1)  whether his examination has been made in accordance with generally accepted auditing standards;

(2)  whether, in his opinion and on the basis of generally recognized accounting principles, applied in the same manner as in the preceding fiscal year, the financial statements included in the annual statement present fairly the financial position of the credit union and the results of its operations;

(3)  whether, in his opinion, the method used to present particulars that may affect the security of depositors is adequate;

(4)  whether, in the normal course of his audit, he has become aware of situations or transactions which lead him to believe that the credit union has not adhered to sound financial practices;

(5)  whether, in his opinion, the management practices adopted by the credit union as regards self-dealing and conflicts of interest are adequate and whether the credit union is complying therewith;

(6)  any other information prescribed by government regulation.

1988, c. 64, s. 300.