Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 327 from 2003-01-01 to 2012-12-18:

Marginal note:Report on directors’ statement

  •  (1) The auditor or auditors of a bank shall, if required by the shareholders, audit and report to the shareholders on any financial statement submitted by the directors to the shareholders, and the report shall state whether, in their opinion, the financial statement presents fairly the information required by the shareholders.

  • Marginal note:Making of report

    (2) A report of the auditor or auditors made under subsection (1) shall be attached to the financial statement to which it relates and a copy of the statement and report shall be sent by the directors to every shareholder and to the Superintendent.

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