s 59A Information in auditor’s report on financial statements
59A.—(1) A public accountant must state clearly his or her full name in the auditor’s report that is issued in respect of every audit engagement that he or she performs, whether performed before, on or after the date of commencement of section 32 of the Corporate and Accounting Laws (Amendment) Act 2025. (2) An accounting entity must state clearly in the auditor’s report that is issued in respect of every audit engagement that it performs (whether performed before, on or after the date of commencement of section 32 of the Corporate and Accounting Laws (Amendment) Act 2025), the full name of the public accountant who —(a) practises as a public accountant in the accounting entity; and (b) is responsible for the performance of the audit engagement by the accounting entity, including the issuance of the auditor’s report for and on behalf of the accounting entity. (3) Any person who contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000. (4) In this section —“audit engagement” means an engagement in which a public accountant or an accounting entity expresses an opinion on whether any financial statements —(a) are prepared in all material respects; or (b) give a true and fair view or are presented fairly, in all material respects, in accordance with the financial reporting framework applicable to the engagement; “auditor’s report” means a report that —(a) is issued by a public accountant or an accounting entity in respect of any financial statements pursuant to an audit engagement; and (b) expresses the opinion of, or a disclaimer of opinion by, the public accountant or accounting entity on whether the financial statements —(i) are prepared in all material respects; or (ii) give a true and fair view or are presented fairly, in all material respects, in accordance with the financial reporting framework applicable to the audit engagement. [Act 24 of 2025 wef 06/05/2026]