Rural Lands Protection Act 1998 No 143
55C Auditing of financial reports
(1) An authority’s auditor must audit the authority’s
financial report as soon as practicable (having regard to the requirements of
section 55D (2)) after the report is referred for
(2) An authority’s financial report must be audited in
accordance with the requirements of:
(a) the AUASB Standards and
Pronouncements issued by the Auditing and Assurance Standards
Board, as in force for the time being, subject to the regulations,
(b) such other standards as may be prescribed by the regulations or
adopted by the guidelines.
(3) The regulations may prescribe, and the guidelines may set out,
matters that an auditor must consider and provide comment on in auditing an
authority’s financial report.