Section 46
Section 31v of the principal Act is amended—
of Securities Commission (Amendment) Act 2015
Amendment ActIn forceProvision 46 of 67
Section 46
(a)
in subsection (1), by substituting for paragraph (b) the following paragraph:
“(b) the sufficiency and appropriateness of the audit evidence obtained in relation to the audit report prepared by an auditor relating to the audited financial statements of public interest entities or schedule funds.”; and
(b)
by inserting after subsection (5) the following subsection:
“(5a) Notwithstanding section 31z, the Audit Oversight
Board may direct the auditor to take any remedial measure to rectify matters raised in the inspection report.”.