Western Australian Current Regulations

RAIL SAFETY NATIONAL REGULATIONS (WA) - REG 7B

7B .         Auditors

        (3)         The financial statements in respect of a particular financial year must be audited —

            (a)         by a public sector auditor; or

            (b)         with the approval of the responsible Ministers — by an appropriately qualified auditor.

        (4)         A person (other than a public sector auditor) must not audit the financial statements in respect of a particular financial year unless the person has been approved to do so by the responsible Ministers.

        (5)         An auditor who has been approved by the responsible Ministers to audit the financial statements in respect of a particular financial year must satisfy the Regulator that the auditor has indeed been so approved.

        (6)         In this regulation —

        appropriately qualified auditor means a registered company auditor who —

            (a)         is a member of CPA Australia entitled to use the letters “CPA” or “FCPA” and who holds a current practice certificate issued by CPA Australia; or

            (b)         is a member of the Institute of Chartered Accountants in Australia entitled to use the letters “CA” or “FCA” and who holds a current certificate of public practice issued by the Institute; or

            (c)         is a member of the Institute of Public Accountants entitled to use the letters “MIPA” or “FIPA” and who holds a professional practice certificate issued by the Institute.