Singapore legislation
Clause 52
Clause 52
Powers of auditor
(1)
The Agency 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 Agency, 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 Agency, 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 Agency; (b)to make copies of or extracts from any of those accounting and other records; and
to require any person to furnish the auditor or authorised person with such information in the possession of that person or to which that person has access as the auditor 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 Agency or an authorised person under subsection (2); or (b)who otherwise hinders, obstructs or delays the auditor or the authorised person in the performance of his or her functions or the exercise of his or her powers,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000.