(1) The auditor for an approved scheme must, in accordance with the prudential standards—
(a) exercise the functions of auditor for the scheme prescribed under the prudential standards; and
(b) find out and report on whether the trustees of the scheme are complying with the prudential standards; and
(c) prepare, and give to the trustees of the scheme, any reports required under the prudential standards to be prepared by the auditor; and
(d) give the trustees any certificates relating to the scheme's accounts that are required under the prudential standards to be prepared by the auditor.
(2) A report under subsection (1) (c) must deal with everything required under the prudential standards to be dealt with in the report.
(3) A certificate under subsection (1) (d) must contain statements of the auditor's opinion on the matters required under the prudential standards to be dealt with in the certificate.