Section 48: Content and form of financial statements
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
48. Content and form of financial statements
(1) Subject to the other provisions of this section, the financial statements of a limited partnership shall present fairly the financial position,
financial performance and, where stated, the cash flow of the limited partnership.
(2) The financial statements shall—
(a) be prepared in accordance with and comply with the International Accounting Standards; and
(b) comply with any requirement which applies to the financial
statements of the limited partnership under any other enactment.
(3) The financial statements of a small limited partnership shall comply
with any regulations made under this Act or any accounting standards issued
or any regulations made under the Financial Reporting Act which prescribe
the form and content of financial statements for small limited partnerships.
(4) Where, in complying with the standards or regulations referred to in
subsections (2) and (3), the financial statements do not present fairly the
matters to which they relate, the general partners shall add such other information and explanations as are necessary to present fairly those matters.