(1) The auditor of a registered scheme shall report to the approved trustee of the scheme the status of

(a) the financial statements of the scheme,

(b) the scheme's accounting records, and

(2) The report shall be given to the trustee within a reasonable time to enable the trustee comply with deadlines for the submission of financial statements.

(3) An auditor’s report shall

(a) state whether or not the financial statements relating to the scheme are properly drawn up

(i) to give a true and fair view of the matters required under regulation 61; and

(ii) in accordance with regulations 60, 61, 63 and 64 in material respects, and, if not, specify in what respects those statements are, in the auditor’s opinion, not properly drawn up;

(b) state whether or not proper accounting and other records have been kept during the relevant financial period in respect of the funds of the scheme, the scheme assets and financial transactions entered into in relation to the scheme and specify in what respects the records were not properly kept; and

(c) State whether or not the requirements specified in the Guidelines and under regulation 35 with respect to prohibited investment practices and the Guidelines on investment of pension funds under these Regulations have been complied with as at the end of that period.

(4) The auditor may include in the auditor's report any other explanations and qualifications that the auditor thinks relevant.

(5) The auditor's report shall be attached to, or endorsed on, the financial statements.