3.3.29 Reporting Obligations of Auditors

Past version: Effective up to 31 Mar 2014

A Member shall cause the external auditor referred to in Rule 3.3.28 to immediately report to the Exchange if:

(a) the external auditor becomes aware of any matter which in its opinion adversely affects or may adversely affect the financial position of the Member to a material extent;
(b) the external auditor becomes aware of any matter which in its opinion constitutes or may constitute a contravention of any provision of the Act or this Rules, or an offence involving fraud or dishonesty;
(c) the external auditor becomes aware of any irregularity which in its opinion has or may have a material effect on the accounts, including irregularities that jeopardise the monies or other assets of any Customer; or
(d) in the external auditor's opinion, the accounting system, internal accounting control and procedures for safeguarding monies or other assets are inadequate and the inadequacies have a material effect on the accounts.