(1) This section applies to an Aboriginal and Torres Strait Islander corporation that has prepared a financial report for a financial year in accordance with subsection 27(1).
(2) This section is made for the purposes of subsection 333-15(1) and paragraphs 333-15(2)(a), (b) and (d) of the Act.
(3) The corporation must have the financial report audited and must obtain an auditor's report.
(4) The auditor of the financial report must be:
(a) a person or entity mentioned in subsection 24(3); or
(b) a chartered accountant or an affiliate of Chartered Accountants Australia and New Zealand; or
(c) a certified practising accountant or a fellow of CPA Australia; or
(d) a member or fellow of the Institute of Public Accountants.
(5) The audit of the financial report must be conducted in accordance with the auditing standards.
Note: For the definition of auditing standard , see section 700-1 of the Act.