Section 30C: Duties of auditors

30C. Duties of auditors (1) Where in the course of his audit, an auditor of a licensee of the Commission becomes aware of any matter which gives the auditor reasonable grounds to believe that – (a) there has been a material adverse change in the risks inherent in the business of the licensee with the potential to jeopardise the ability of the licensee to continue as a going concern; (b) the licensee may be in contravention of this Act, any regulations made under this Act, any FSC Rules or any directions issued by the Commission; (c) a financial crime has been, is being or is likely to be committed; (d) serious irregularities have occurred; or (e) there has been non-compliance with the laws of Mauritius, the auditor shall report such matter in writing to the Commission. (2) Notwithstanding any other enactment, no duty to which an auditor of a licensee of the Commission may be subject shall be regarded as breached by reason of his communicating in good faith to the Commission any information under subsection (1). (g) in section 52(2)(b), by deleting the words “2 employees” and replacing them by the words “4 employees”; Acts 2020 221 (h) by adding the Fifth Schedule set out in the Seventh Schedule to this Act.