Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada


Bank Act

Version of section 323 from 2012-12-19 to 2017-12-11:

Marginal note:Auditors’ examination

  •  (1) The auditor or auditors of a bank must make any examination that the auditor or auditors consider necessary to enable the auditor or auditors to report on the annual statement and on other financial statements required by this Act to be placed before the shareholders or, if the bank is a federal credit union, the members, except any annual statements or parts of those statements that relate to the period referred to in subparagraph 308(1)(a)(ii).

  • Marginal note:Auditing standards

    (2) The examination of the auditor or auditors referred to in subsection (1) shall, except as otherwise specified by the Superintendent, be conducted in accordance with generally accepted auditing standards, the primary source of which is the Handbook of the Canadian Institute of Chartered Accountants.

  • 1991, c. 46, s. 323
  • 2010, c. 12, s. 2028

Date modified: