Singapore legislation
Clause 56
Clause 56
Powers of auditor
(1)
The Authority must, as soon as practicable after the close of each financial year, prepare and submit the financial statements in respect of that year to the auditor of the Authority, who must audit and report on them.
(2)
For the purpose of auditing and reporting on the financial statements submitted under subsection (1), the auditor of the Authority, or a person authorised by the auditor for that purpose (called in this section an authorised person), 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 Authority;
to make copies of or extracts from any of those accounting and other records; and
to require any person to furnish the auditor or the authorised person with such information in the possession of that person, or to which that person has access, as the auditor or the authorised person considers necessary for the purposes of the auditor’s functions under this Act.
(3)
A person —
who fails, without any reasonable cause, to comply with any requirement of the auditor of the Authority or an authorised person under subsection (2); or
who otherwise obstructs, hinders or delays the auditor or the authorised person in the performance of his or her functions, or the exercise of his or her powers, under this Act,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000.