• RP-11.4 RP-11.4 Duties

    • RP-11.4.1

      The minimum duties of the external auditor of a CIU authorised or registered under Module ARR include but are not limited to the following:

      (a) To audit the books and records of the CIU, including the annual financial statements of the CIU, in accordance with IFRS or AAOIFI (as appropriate);
      (b) To review the semi-annual financial statements of the CIU;
      (c) If the CIU is structured as a contractual or corporate CIU, to audit the annual financial statements of the fund company; and
      (d) To review the calculation of the NAV in line with the frequency stipulated in the prospectus but not less than once a year.
      April 2012