Islamic Financial Services Act 2013 · s 78

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78.
Duties of auditor
(1) An auditor appointed under this Division shall—
(a) carry out an audit of the business, affairs and books of the institution;
(b) submit a report of such audit to the members of the institution and the Bank;
(c) submit any additional information as may be specified by the Bank relating to the audit conducted under paragraph (a);
(d) expand or extend the scope of the audit conducted under paragraph (a) within such time, in such manner or to such extent as may be specified by the Bank; or

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(e) carry out any specific assessment of the business, affairs and books of the institution as may be specified by the Bank and submit a report to the Bank on such assessment.
(2) The remuneration and expenses of the auditor relating to any expanded or extended scope of audit under paragraph (1)(d) or any specific assessment under paragraph (1)(e) shall be borne by the institution.
(3) Any audit carried out under subsection (1) shall be in accordance with generally accepted auditing standards applicable in
Malaysia.

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s 78Duties of auditor

(1)

An auditor appointed under this Division shall—

(a)

carry out an audit of the business, affairs and books of the institution;

(b)

submit a report of such audit to the members of the institution and the Bank;

(c)

submit any additional information as may be specified by the Bank relating to the audit conducted under paragraph (a);

(d)

expand or extend the scope of the audit conducted under paragraph (a) within such time, in such manner or to such extent as may be specified by the Bank; or

Islamic Financial Services 99

(e)

carry out any specific assessment of the business, affairs and books of the institution as may be specified by the Bank and submit a report to the Bank on such assessment.

(2)

The remuneration and expenses of the auditor relating to any expanded or extended scope of audit under paragraph (1)(d) or any specific assessment under paragraph (1)(e) shall be borne by the institution.

(3)

Any audit carried out under subsection (1) shall be in accordance with generally accepted auditing standards applicable in

Malaysia.