Public Sector Pension Investment Board Act

Marginal note:Notice of errors and omissions

• 37 (1) A director or officer of the Board shall without delay notify the Board’s auditor and the audit committee of any error or omission of which the director or officer becomes aware in a financial statement that the auditor or a former auditor has reported on or in a report prepared by the auditor or a former auditor under section 36.

• Marginal note:Duty of auditor

  (2) When the Board’s auditor, or a former auditor of the Board, is notified or becomes aware of an error or omission in a financial statement that the auditor or former auditor has reported on or in a report prepared by the auditor or former auditor under section 36, the auditor or former auditor shall without delay notify each director of the Board of the error or omission if the auditor or former auditor is of the opinion that the error or omission is material.

• Marginal note:Correction

  (3) When the directors receive a notification under subsection (2) of an error or omission in a financial statement or a report, the Board shall prepare a revised financial statement or the auditor or former auditor shall issue a correction to the report, and a copy of it shall be given to the Minister, the Minister of National Defence and the Solicitor General of Canada.