28.69. An auditor who becomes aware of a situation that is likely to appreciably limit the authorized deposit institution’s ability to fulfill its obligations must report on the situation in the ordinary course of his or her audit.
The same is true for an auditor who believes that a refusal or failure to provide information or a document requested by him or her is hindering the exercise of his or her functions.
The auditor must send the report to the board of directors. If applicable, he or she must also send a copy of it to the attorney designated under section 26 of the Act respecting the legal publicity of enterprises (chapter P-44.1). The board of directors must then see to it that the situation is remedied.