Singapore legislation
Regulation 15
Regulation 15
Auditor
Subregulation 1
A casino operator shall engage, at its own expense, an auditor who shall be a public accountant to conduct an audit and make a report in respect of every quarter of a calendar year on the entry levies collected by the casino operator for that quarter.
Subregulation 2
The auditor engaged under paragraph (1) shall in every such report state whether, in his opinion —
sufficient controls are in place to ensure that persons who are required to pay the entry levy have done so;
the amount of entry levies collected by the casino operator has been collected and recorded correctly in accordance with law; and
the amount of entry levies collected by the casino operator has been paid in full to the Board.
Subregulation 3
The casino operator shall submit the auditor’s report to the Board not later than 30 days after the end of the quarter to which it relates.
Subregulation 4
In this regulation, “public accountant” means a person who is registered or deemed to be registered under the Accountants Act (Cap. 2) as a public accountant.