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Partnership Law Act 2019

Financial reporting, dissolution of partnership, and other miscellaneous provisions - Financial reporting for large partnerships

62: Audit must comply with auditing and assurance standards

You could also call this:

"Audits and their reports must follow all the rules"

When someone is doing an audit as mentioned in section 61, they have to follow all the rules about auditing. These rules are called auditing and assurance standards. The person doing the audit must make sure they do everything these standards say.

After the audit is done, the auditor writes a report. This report also has to follow all the rules set out in the auditing and assurance standards. The auditor needs to make sure their report includes everything these standards require.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS206077.

Topics:
Business > Industry rules
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Part 4Financial reporting, dissolution of partnership, and other miscellaneous provisions
Financial reporting for large partnerships

62Audit must comply with auditing and assurance standards

  1. An auditor must, in carrying out an audit for the purposes of section 61, comply with all applicable auditing and assurance standards.

  2. The auditor's report must comply with the requirements of all applicable auditing and assurance standards.

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