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S-29.01 - Act respecting trust companies and savings companies

Section 280
Disposition versions

Full text
280. If the auditor is notified or becomes aware of an error or misstatement in a financial statement on which he reported, and if in his opinion the error or misstatement is material, he shall inform each director accordingly.
The directors who are informed of the error or misstatement shall, within 60 days, prepare and publish amended financial statements or inform the shareholders and the Authority accordingly.
Where the auditor considers it necessary to amend his report, the board of directors shall send the shareholders a copy of the amended report within 15 days of receiving it.
1987, c. 95, s. 280; 2002, c. 45, s. 611; 2004, c. 37, s. 90.
280. If the auditor is notified or becomes aware of an error or misstatement in a financial statement on which he reported, and if in his opinion the error or misstatement is material, he shall inform each director accordingly.
The directors who are informed of the error or misstatement shall, within 60 days, prepare and publish amended financial statements or inform the shareholders and the Agency accordingly.
Where the auditor considers it necessary to amend his report, the board of directors shall send the shareholders a copy of the amended report within 15 days of receiving it.
1987, c. 95, s. 280; 2002, c. 45, s. 611.
280. If the auditor is notified or becomes aware of an error or misstatement in a financial statement on which he reported, and if in his opinion the error or misstatement is material, he shall inform each director accordingly.
The directors who are informed of the error or misstatement shall, within 60 days, prepare and publish amended financial statements or inform the shareholders and the Inspector General accordingly.
Where the auditor considers it necessary to amend his report, the board of directors shall send the shareholders a copy of the amended report within 15 days of receiving it.
1987, c. 95, s. 280.
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