UNION GOVERNANCE TRAIN THE TRAINER COURSE

S.256: Auditors

S. 257 (2): Powers and duties of auditors

S. 257 (3): Requests from auditors to produce records

S. 257 (4-10): Auditor’s report

S. 257 (11): Auditor’s report: duty to assist

S. 258 (1-8): Obstruction of auditors an offence

S. 259-61: Auditor can attend and speak at meetings when report presented

Queensland Specific Requirements

Amendment to s 560 ( Requirement of audit report)The audit report is required to include the following additional statements that :• The financial disclosure statement and mid- year disclosure statement for the

year are prepared under this Act: and• The organisation has the policies it is required to have under section 553A(1);and• The organisation’s spending for political purposes, if any, contravened the

requirements of section 553D.

“Accounting records” for the purposes of the legislative obligation to have an auditor in Queensland, includes the financial disclosure statement and mid-year financial disclosure statement for the financial year (section 558)

Requirements of Audit Report

Section 570 Report and statement must be filed and published

Within 14 days after the report and statement are presented (or a longer time allowed by the registrar)an organisation must:

• File a copy of the audit report and financial disclosure statement for each of its financial years, and a certificate by its president or secretary stating the originals of the report and statement have been presented to a general meeting or management committee meeting of the organisation; and

• Publish a copy of the audit report and its financial disclosure statement. These must continue to be published for a period of 2 years.

Filing and publishing requirements