S-5, r. 3 - Regulation respecting the financial management of institutions and regional councils

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6. Acceptance or rejection: On submission of the audit report, the board of directors shall by resolution accept or reject it.
The board of directors shall consider each of the auditor’s recommendation or qualifications and take any necessary corrective measures.
Where the board of directors rejects the audit report, its resolution must indicate the grounds for rejection.
O.C. 1127-84, s. 6.