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corporation shall compensate the auditor or former auditor, as the case may be, for expenses and

pay the reasonable remuneration that it deems appropriate. 1998, c. 19, s. 70 (5).

Duty to answer questions

(6)

At a meeting of owners, the auditor or former auditor, as the case may be, if present,

shall answer inquiries concerning the basis upon which the person formed the opinion stated in

the person’s reports. 1998, c. 19, s. 70 (6).

Amendment of statements

71. (1)

The board shall amend the corporation’s financial statements if facts come to the

attention of the directors or officers of a corporation after the annual general meeting and the

facts require a material adjustment to the financial statements that were presented at the meeting.

1998, c. 19, s. 71 (1).

Copy of amended statements

(2)

Immediately after making an amendment, the corporation shall send to the auditor a

statement of the facts that gave rise to the amendment and a copy of the amended financial

statements. 1998, c. 19, s. 71 (2).

Amendment of auditor’s report

(3)

On receiving the statements furnished under subsection (2), the auditor shall amend the

auditor’s report if the auditor is of the opinion that it is necessary and in that case shall present it

to the audit committee or to the board if there is no audit committee. 1998, c. 19, s. 71 (3).

Delivery of amended report

(4)

The board shall mail or deliver a copy of the amended report to the owners. 1998,

c. 19, s. 71 (4).

Same, by auditor

(5)

If the board does not mail or deliver a copy of the amended report to the owners within

a reasonable time, the auditor shall mail or deliver a copy of the amended report to the owners

and the corporation shall reimburse the auditor for the reasonable costs incurred in the mailing or

the delivery. 1998, c. 19, s. 71 (5).

PART V

SALE AND LEASE OF UNITS

D

ISCLOSURE

R

EQUIREMENTS

Disclosure statement

72. (1)

The declarant shall deliver to every person who purchases a unit or a proposed unit

from the declarant a copy of the current disclosure statement made by the declarant for the

corporation of which the unit or proposed unit forms part. 1998, c. 19, s. 72 (1).

Purchaser not bound

(2)

An agreement of purchase and sale of a unit or a proposed unit entered into by a

declarant is not binding on the purchaser until the declarant has delivered to the purchaser a copy

of the current disclosure statement. 1998, c. 19, s. 72 (2).

Contents

(3)

A disclosure statement shall specify the date on which it is made and shall contain,