Section 32: Auditor's report.

(1) The auditor of a public enterprise shall make a report to the directors on the accounts examined by him and on every balance sheet and profit and loss account, copies of which shall be delivered to the Commission during the auditor's tenure of office.
(2) In addition to other functions and powers conferred on the Commission by this Act, the Commission shall, on receiving the auditor's report -
(a) ascertain whether the accounting and reporting policies of the public enterprise are in accordance with legal requirements and agreed ethical practice;
(b) review the scope and planning of audit requirements;
(c) review the findings on management matters in conjunction with the auditor and departmental responses thereon;
(d) keep under review the effectiveness of the accounting system and internal control of the public enterprise;
(e) make recommendations to the board of directors with regard to the appointment, removal and remuneration of the auditors of the public enterprise; and
(f) authorise the auditors to carry out investigations into any activity of the public enterprise which may be of interest or concern to the Commission.