Western Australian Current Acts Western Australian Current Acts (1) A large
co-operative must have the financial report for a financial year audited in
accordance with the Corporations Act Part 2M.3 Division 3 (as applying under
section 244U) and obtain an auditor’s report.
(2) A small
co-operative’s financial report for a financial year does not have to be
audited if —
(a) the
report is prepared in response to a direction under section 244I or 244J; and
(b) the
direction did not ask for the financial report to be audited.
(3) If a small
co-operative’s financial report for a financial year is prepared in
response to a direction under section 244I or 244J and the direction asked for
the financial report to be audited —
(a) in
accordance with the Corporations Act Part 2M.3 Division 3 (as applying under
section 244U); or
(b) in
some other specified manner,
the co-operative must
have the financial report audited as directed and obtain an auditor’s
report.
(4) If a small
co-operative’s financial report for a financial year is prepared in
response to a direction under section 244I or 244J and the direction asked for
the financial report to be audited without specifying the manner in which the
audit is to be conducted, the co-operative must have the financial report
audited in accordance with the Corporations Act Part 2M.3 Division 3 (as
applying under section 244U) and obtain an auditor’s report.
[Section 244N inserted: No. 7 of 2016 s. 85.]