Singapore legislation
Section 22
Section 22
Appointment, powers and duties of auditor
(1)
The accounts of the Medifund and every Hospital Medifund Account shall be audited by the Auditor-General or such other auditor as may be appointed annually by the Minister in consultation with the Auditor-General.
(2)
A person shall not be qualified for appointment as an auditor under subsection (1) unless he is an approved company auditor under the Companies Act [Cap. 50].
(3)
The auditor or any person authorised by him is entitled at all reasonable times to full and free access to all accounting and other records relating, directly or indirectly, to the financial transactions of the Medifund and every Hospital Medifund Account and may make copies of, or extracts from, any such accounting and other records.
(4)
The auditor shall in his report state —
whether the financial statements show fairly the financial transactions and the state of affairs of the Medifund or the Hospital Medifund Account of an approved hospital, as the case may be;
whether proper accounting and other records have been kept, including records of all assets of the Medifund or the Hospital Medifund Account, as the case may be;
whether receipts, expenditure and investment of moneys and the acquisition and disposal of assets on account of the Medifund or the Hospital Medifund Account, as the case may be, during the financial year were in accordance with the provisions of this Act; and
such other matters arising from the audit as he considers necessary.
(5)
The auditor shall, as soon as practicable after the accounts of the Medifund or a Hospital Medifund Account, as the case may be, have been submitted for audit, send a report of his audit to the Minister and shall also submit such periodical and special reports to the Minister as may appear to him to be necessary or as the Minister may require.
(6)
Where the Auditor-General is not the auditor of the Medifund or any Hospital Medifund Account, a copy of the audited financial statements and any report made by the auditor shall be forwarded to the Auditor-General.