Section 44: Report of auditor

44. Report of auditor (1) The auditor of a limited partnership shall make a report to the general partners on the financial statements which have been audited. (2) The auditor’s report shall state— (i) the work done by the auditor; (ii) the scope and limitations of the audit; (iii) the existence of any relationship (other than that of auditor) which the auditor has with, or any interests which the auditor has in, the limited partnership, other than dealings with the limited partnership in the ordinary course of business not involving indebtedness to the limited partnership in an amount exceeding 10,000 rupees; (iv) whether the auditor has obtained all information and explanations that the auditor has required; (v) whether, in the auditor’s opinion, as far as it appears from an examination, proper accounting records have been kept by the limited partnership; (vi) whether, in the auditor’s opinion, the financial statements give a true and fair view of the matters to which they relate, and where they do not, the respects in which they fail to do so and whether the financial statements have been prepared in accordance with the International Accounting Standards; and [Issue 4] L15A – 28 Revised Laws of Mauritius (vii) whether, in the auditor’s opinion, the. financial statements comply with section 48, and where they do not, the respects in which they fail to do so. (3) The audit of the financial statements shall, in the case of a limited partnership other than a small limited partnership, be carried out in accordance with the International Standards on Auditing, and it shall be sufficient compliance with this section if the report of the auditor complies with the International Standards on Auditing.