Section 44: Report and Opinion.

(1) Where a professional accountant makes a report on the financial statements of an entity which he has audited, he shall express a clear written opinion in his report, giving details as to whether-
(a) the financial statements as a whole give a true and fair view of the state of affairs of the entity to which they relate; and
(b) the financial statements comply with the provisions of this Act, or any other relevant enactments.
(2) A professional accountant shall not, in his report, express an opinion unless he has complied with the auditing standards that may be issued by the Council or relevant professional bodies and adopted by the Council from time to time.
(3) Where, in the annual report to the entity, the directors disclose the extent of compliance with the Code of Corporate Governance, the professional accountant shall report separately whether the disclosure is consistent with the requirements of the Code.