Singapore legislation
Clause 67
Clause 67
New section 144A
The principal Act is amended by inserting, immediately after section 144, the following section:“Special audit144A.—
The Authority may, at any time by a notice in writing —
require a casino operator to appoint a special auditor to review or investigate the casino operator’s affairs and report his findings to the Authority; and
specify the terms of reference for the special audit referred to in paragraph (a) and the time within which it must be completed.(2) A casino operator to whom a notice under subsection (1) is directed shall engage, at its own expense, a public accountant approved by the Authority to be the special auditor to conduct the special audit in accordance with the terms of reference and within the time specified in the notice.(3) The special auditor engaged under subsection (2) shall submit his report, all relevant supporting documents and such other information or report as the Authority may require in relation to the special audit, to the Authority not later than 60 days after the conclusion of the special audit or within such other period as the Authority may specify in any particular case.(4) Any casino operator which fails to comply with subsection (2) shall be liable to disciplinary action.(5) In this section, “public accountant” means a person who is registered or deemed to be registered under the Accountants Act (Cap. 2) as a public accountant.”.