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Incorporated Societies Act 2022

Administration of societies - Accounting records, financial reporting, and annual returns - Financial reporting

107: Auditor’s report must be sent to Registrar and External Reporting Board if requirements have not been complied with

You could also call this:

"Auditor must send report to authorities if society breaks rules"

Illustration for Incorporated Societies Act 2022

If you are an auditor and your report shows that a society has not followed the rules of the Incorporated Societies Act 2022, you must send a copy of your report and the financial statements to the Registrar and the External Reporting Board. You have 7 working days to do this after you sign the report. You can find more information about previous laws by visiting the https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6041569 legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS241544.

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Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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106: Auditor must report to members, or

"The auditor must write a report to the society's members about the finances they have checked."

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108: Duties do not apply if alternative financial reporting duties under financial markets or charities legislation, or

"You don't have to follow some rules if you already report finances under other laws."

Part 3Administration of societies
Accounting records, financial reporting, and annual returns: Financial reporting

107Auditor’s report must be sent to Registrar and External Reporting Board if requirements have not been complied with

  1. If an auditor’s report indicates that the requirements of this Act have not been complied with, the auditor must, within 7 working days after signing the report, send a copy of the report and a copy of the financial statements to which it relates to the Registrar and the External Reporting Board.

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