Part 5

Accountant of court

Audit by Accountant

Audit by Accountant: objection and appeal
44
1
Subject to subsections (2) to (5)—
a
an audit completed in accordance with section 43,
b
the accounts to which the audit relates, and
c
the report on the results of the audit,
are conclusive.
2
The judicial factor to whom the report relates may lodge a written objection to the report with the Accountant within the period of 21 days beginning on the day on which the judicial factor receives the report.
3
The Accountant must consider any objection lodged under subsection (2) and, following that consideration, may—
a
amend the results and report of the audit in order to take account of matters raised in the objection, or
b
dismiss the objection.
4
Where the Accountant dismisses an objection under subsection (3)(b) the judicial factor may require the Accountant to refer the objection for determination by the court which appointed the judicial factor.
5
The determination of the court in relation to an objection referred under subsection (4) is final and is conclusive against both the Accountant and the judicial factor.