New Zealand Acts

MAORI FISHERIES ACT 2004 - SECT 112

112 Procedure for auditor and entity audited

1 As soon as practicable after conducting an audit under section 105 or section 106 , the auditor must—

a) prepare a written audit report that includes—

i) the findings made in the audit; and

ii) the recommendations of the auditor; and

b) distribute the audit report to—

i) each entity that is subject to audit; and

ii) Te Ohu Kai Moana Trustee Limited, in the case of an audit of Aotearoa Fisheries Limited, Te Putea Whakatupu Trustee Limited, or Te Wai Maori Trustee Limited.

2 Not later than 40 working days after receiving an audit report under subsection (1), each entity subject to audit must—

a) prepare a plan specifying the actions that it intends to take to address the findings and recommendations of the audit report; and

b) provide a copy of that plan to Te Ohu Kai Moana Trustee Limited.

3 After an audit has been completed, an entity subject to audit must include in its next annual report a description of the progress it has made in addressing the matters specified in the plan prepared under subsection (2)(a).