Singapore legislation
Section 20
Section 20
Auditor’s report
(1)
The chief financial officer of the Corporation shall prepare the financial statements in respect of each preceding financial year and submit them to the Corporation’s auditor who shall audit and report on them to the Minister and the President.
(2)
The Corporation’s auditor shall state in his report of his audit whether —
the financial statements show fairly the financial transactions and the state of affairs of the Corporation;
proper accounting and other records have been kept; and
the receipt, expenditure and investment of moneys and the acquisition and disposal of assets by the Corporation during the year have been in accordance with the provisions of this Act and the Constitution.
(3)
The Corporation’s auditor shall report on any other matter arising from the audit as he considers necessary. [21