Section 45: Additional duties of auditor

45. Additional duties of auditor The Commission may require the auditor at the costs of the insurer, in addition to any other duties, to— (a) carry out an extended scope audit or other examination and make any necessary comments and recommendations; (b) submit to the Commission such additional information in relation to the audit, extended scope audit or other examination as the Commission considers necessary; (c) submit to the Commission a report on any matter specified in paragraphs (a) and (b); (d) submit to the Commission a report on the financial and accounting systems and internal controls of the insurer; and (e) submit to the Commission a report as to whether, in his opinion, the manner of provisioning against liabilities and the maintenance of assets is being done in compliance with this Act and FSC Rules. [S. 45 amended by s. 16 of Act 16 of 2007 w.e.f. 28 September 2007.]