169 (1) The auditor shall make such examinations as will enable the auditor to report to the members of the credit union in accordance with this section.  1994, c. 11, s. 169 (1). Same (2) The auditor shall report to the members on the financial statements to be placed before them at the annual meeting.  1994, c. 11, s. 169 (2). Qualified report (3) If the auditor’s report is not an unqualified report, the auditor shall state in the report the reasons for the qualified report.  2007, c. 7, Sched. 7, s. 93 (1). Report to Chief Executive Officer for certain purposes (3.1) Within 10 days after the annual meeting, the auditor shall provide a copy of the audited financial statements and the auditor’s report to the Chief Executive Officer for the purpose of assisting the Chief Executive Officer and the Authority in carrying out their duties and powers under this Act, including, without limiting the generality of the foregoing, for the purposes of the following: 1. Determining whether conditions on the deposit insurance of the credit union should be imposed or amended under section 270. 2. Determining whether the deposit insurance of the credit union should be cancelled under section 274. 3. Determining the annual premium for the credit union under section 276.1.  2007, c. 7, Sched. 7, s. 93 (1); 2019, c. 7, Sched. 16, s. 13 (1). Facts discovered subsequently (4) If facts come to the attention of an officer, the board or the audit committee which, if they had been known before the most recent annual meeting, would have required a material adjustment to the financial statement presented at the meeting, the officer, board or audit committee shall notify the auditor who reported to the members at the meeting and the board shall promptly amend the financial statement and send it to the auditor.  2007, c. 7, Sched. 7, s. 93 (1). Amendment of report (5) Upon receipt of the facts furnished under subsection (4) or from any other source, the auditor shall amend the report in respect of the financial statement furnished under that subsection if the auditor considers the amendment necessary.  1994, c. 11, s. 169 (5). Notice of amendment (6) The board shall mail the amended report to the members but, if the board does not do so within a reasonable time, the auditor shall mail it to them.  1994, c. 11, s. 169 (6). Amended report to Chief Executive Officer (7) Within 10 days after providing the amended report to the credit union, the auditor shall provide a copy of the amended report to the Chief Executive Officer.  2007, c. 7, Sched. 7, s. 93 (2); 2019, c. 7, Sched. 16, s. 13 (2). Auditing standards (8) The auditor’s examination referred to in subsection (1) shall, except as otherwise specified by the Chief Executive Officer, be conducted in accordance with generally accepted auditing standards, the primary source of which is the Handbook of the Chartered Professional Accountants of Canada.  2007, c. 7, Sched. 7, s. 93 (2); 2015, c. 20, Sched. 8, s. 1; 2019, c. 7, Sched. 16, s. 50. Report to address fair value, adequacy of capital, etc. (9) The auditor’s report shall address the fair value of the assets and liabilities of the credit union and the credit union’s compliance with section 84.  2007, c. 7, Sched. 7, s. 93 (2). Section Amendments with date in force (d/m/y) 1997, c. 28, s. 53 - 01/07/1998 2007, c. 7, Sched. 7, s. 93 (1, 2) - 01/10/2009 2015, c. 20, Sched. 8, s. 1 - 4/06/2015 2018, c. 8, Sched. 7, s. 5 - 08/06/2019; 2018, c. 17, Sched. 11, s. 15 - no effect - see 2019, c. 7, Sched. 16, s. 54 - 29/05/2019 2019, c. 7, Sched. 16, s. 13 (1, 2), 50 - 08/06/2019