Branch audit exemption: company auditor must state the applicable exemption in the audit report when branch accounts are unaudited. If a branch office's accounts have not been audited by an eligible auditor, the company's auditor must expressly state in the audit report that the branch ... Summary
Branch audit exemption: company auditor must state the applicable exemption in the audit report when branch accounts are unaudited.
If a branch office's accounts have not been audited by an eligible auditor, the company's auditor must expressly state in the audit report that the branch is exempt from the requirements of section 228 under rule 3 or that an exemption has been granted under rule 4.
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