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Canada Elections Act

Version of section 393 from 2003-01-01 to 2003-12-31:


Marginal note:Audited statement of value of assets

 The chief agent shall provide, together with the return on financial transactions required by subparagraph 392(a)(i),

  • (a) a statement, prepared in accordance with generally accepted accounting principles, of the fair market value of the suspended party’s assets and liabilities as of the date of publication of the notice of suspension mentioned in section 392;

  • (b) a report on that statement made by the suspended party’s auditor to the chief agent containing the auditor’s opinion as to whether the statement presents, in accordance with generally accepted accounting principles the fair market value of those assets and liabilities; and

  • (c) a declaration in the prescribed form by the chief agent concerning that statement.

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