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AUD A5.1.1

In producing a Fund Auditor's Report, an Auditor must state:

(a) whether the financial statements have been properly prepared in accordance with the financial reporting standards adopted by the Fund in accordance with the Collective Investment Rules in the Rulebook and the Constitution;
(b) whether the financial statements give a true and fair view of the financial position of the Fund, including the net income and the net gains or losses of the Fund Property, or, as the case may be, the Fund Property attributable to the Sub-Fund for the annual accounting period in question and the financial position of the Fund or Sub-Fund as at the end of the annual accounting period;
(c) whether proper accounting records for the Fund, or as the case may be, Sub-Fund have not been kept, or that the financial statements are not in agreement with the accounting records and returns, or that the financial statements do not comply with the applicable financial reporting standards;
(d) whether it has been given all the information and explanations which, to the best of its knowledge and belief, are necessary for the purposes of its audit;
(e) whether the information given in the report of the directors or in the report of the Fund Manager for that period is consistent with the financial statements; and
(f) any other matter or opinion required by the Regulatory Law or the Rules.
Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]