Western Australian Current Regulations

LOCAL GOVERNMENT (AUDIT) REGULATIONS 1996 - REG 9

9 .         Performance of audit

        (1)         In this regulation —

        Australian Accounting Standards means the standards made and amended from time to time by the Australian Accounting Standards Board continued under the Australian Securities and Investments Commission Act 2001 (Commonwealth) section 261.

        (2)         An auditor must carry out an audit in accordance with the Australian Auditing Standards made or formulated and amended from time to time by the Auditing and Assurance Standards Board established by the Australian Securities and Investments Commission Act 2001 (Commonwealth) section 227A.

        (3)         An auditor must carry out the work necessary to form an opinion whether the annual financial report —

            (a)         is based on proper accounts and records; and

            (b)         fairly represents the results of the operations of the local government for the financial year and the financial position of the local government at 30 June in accordance with —

                  (i)         the Act; and

                  (ii)         the Australian Accounting Standards (to the extent that they are not inconsistent with the Act).

        [Regulation 9 inserted: Gazette 26 Jun 2018 p. 2385.]