Section 89: Duties of auditors
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
89. Duties of auditors
(1) Where in the course of his work, the auditor of a reporting issuer,
other than a collective investment scheme, becomes aware of any matter
which is such as to give the auditor reasonable cause to believe that—
(a) there has been a material adverse change in the risks inherent in
the business of a reporting issuer with the potential to jeopardise
the ability of the reporting issuer to continue as a going concern;
(b) the reporting issuer 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;
or
(d) serious irregularities have occurred,
the auditor shall report such matter in writing to the Commission.
(2) No duty to which an auditor of a reporting issuer may be subject shall
be regarded as breached by reason of his communicating in good faith to the
Commission any information under subsection (1).