PRIV 5.5.7 Auditor's Reports

The operator of a scheme must ensure that the report of the auditor to the unitholders for an annual accounting period includes the following statements:

(a) whether, in the auditor's opinion, the accounts have been properly prepared in accordance with these rules and the constitutional document;
(b) whether, in the auditor's opinion, the accounts give a true and fair view of—
(i) the net income and the net gains or losses of the scheme property for the period; and
(ii) the financial position of the scheme as at the end of the period;
(c) whether the auditor is of the opinion that proper accounting records for the scheme have been kept and whether the accounts are in agreement with the accounting records;
(d) whether the auditor has been given all the information and explanations that, to the best of the auditor's knowledge and belief, are necessary for the purposes of the audit;
(e) whether the auditor is of the opinion that the information given in the operator's report for the period is consistent with the accounts.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)