Deposit Takers Act 2023

Crisis management and resolution - Conduct of resolution - Auditors

344: Auditor’s rights

You could also call this:

"Auditors can see all information and get help from deposit takers to do their job."

Illustration for Deposit Takers Act 2023

You have the right to see all the information of a licensed deposit taker at any time if you are their auditor. You can ask the deposit taker's directors and employees for the information and explanations you need to do your job. The law gives you these rights to help you perform your duties as an auditor, as seen in similar laws such as the one found at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM201552

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS536643.

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Part 7Crisis management and resolution
Conduct of resolution: Auditors

344Auditor’s rights

  1. An auditor has a right of access at all times to the information of the licensed deposit taker.

  2. The auditor is entitled to require from the licensed deposit taker’s directors and employees the information and explanations that the auditor thinks necessary for the performance of the auditor's duties.

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