✨ Audit Reports and Review Statements
3338 NEW ZEALAND GAZETTE, No. 121 30 AUGUST 2013
the Act (if any) or any conditions of registration, and is in accordance with the books and records of the branch and its banking group;
(h) whether or not, in the auditor’s opinion,—
(i) for an auditor’s report that relates to a full year disclosure statement, having regard to any information or explanations that may have been added by the registered bank under sections 11(2) and 14(2) of the Financial Reporting Act 1993, the financial statements of the branch and its banking group give a true and fair view of the matters to which they relate and, if they do not, the respects in which they fail to give such a view; and
(ii) for an auditor’s report that relates to a half year disclosure statement, the interim financial statements of the registered bank’s banking group are prepared, in all material respects, in accordance with NZ IAS 34;
(i) whether or not, in the auditor’s opinion, the information that is required to be disclosed under the applicable schedules listed in subclause (3) fairly states the matters to which it relates in accordance with those schedules and, if it does not, the respects in which it fails to fairly state those matters; and
(j) whether or not, in the auditor’s opinion, the information relating to credit and market risk exposures and capital adequacy that is required to be disclosed under Schedule 9 is in all material respects prepared in accordance with Capital Adequacy Framework (Standardised Approach) (BS2A) and disclosed in accordance with Schedule 9.
(2) For the purposes of paragraphs (e) to (h) of subclause (1), if the auditor’s report relates to a half year disclosure statement, the auditor’s opinion need only relate to the registered bank’s banking group.
(3) For the purposes of subclause (1)(i),—
(a) if the auditor’s report relates to a full year disclosure statement, the applicable schedules are Schedules 4, 7, 10, 11, and 13; and
(b) if the auditor’s report relates to a half year disclosure statement, the applicable schedules are Schedules 5, 7, 10, 12 and 14.
3 Audit review statement for half year disclosure statements
If a half year disclosure statement is not audited and instead is reviewed by an auditor, the auditor’s review statement must—
(a) for financial statements prepared in accordance with clause 26 of Part 2, state—
(i) that the financial statements have been examined by the auditor; and
(ii) whether or not anything has come to the auditor’s attention which would cause the auditor to believe that the financial statements have not
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NZ Gazette 2013, No 121
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Information in audit reports and review statements
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💰 Finance & Revenue30 August 2013
Audit reports, Review statements, Full year disclosure, Half year disclosure, Financial statements, Banking group, Credit risk, Market risk, Capital adequacy