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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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(1 version)
Aug 21 2014 onwards

AUD A5.1.1

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

In producing a Fund Auditor's ReportG , an AuditorG must state:

(a) whether the financial statements have been properly prepared in accordance with the financial reporting standards adopted by the FundG in accordance with the Collective Investment Rules in the RulebookG and the ConstitutionG ;
(b) whether the financial statements give a true and fair view of the financial position of the FundG , including the net income and the net gains or losses of the Fund PropertyG , or, as the case may be, the Fund PropertyG attributable to the Sub-FundG for the annual accounting period in question and the financial position of the FundG or Sub-FundG as at the end of the annual accounting period;
(c) whether proper accounting records for the FundG , or as the case may be, Sub-FundG have not been kept, or that the financial statements are not in agreement with the accounting records and returns, or that the financial statements do not comply with the applicable financial reporting standards;
(d) whether it has been given all the information and explanations which, to the best of its knowledge and belief, are necessary for the purposes of its audit;
(e) whether the information given in the report of the directors or in the report of the Fund ManagerG for that period is consistent with the financial statements; and
(f) any other matter or opinion required by the Regulatory LawG or the Rules.
Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]