(1) The functions, duties and powers of an auditor appointed pursuant to Section 60 shall be as provided in the laws in force.
(2) In addition to the matters prescribed by the laws in force, the auditor shall clearly mention the following matters in his or her report:
(a) Whether or not replies to the queries asked by him or her were given;
(b) Whether or not the balance sheet, profit and loss account, cash flow statement and other financial statements, as well, have been prepared in such format and in accordance with such procedure as prescribed by the Rastra Bank, and whether or not they correspond to the accounts, records, books and ledgers maintained by the institution;
(c) Whether or not the accounts, records, books and ledgers have been maintained accurately in accordance with the laws in force;
(d) Whether or not any officer of the licensed institution has done any act contrary to the laws in force or committed any irregularity or caused any loss or damage to the licensed institution;
(e) Whether or not the transactions of the licensed institution have been carried on in a satisfactory manner;
(f) Whether or not the capital fund and the risk-bearing fund have been maintained adequately;
(g) Whether or not credits have been written off as prescribed;
(h) Whether or not action has been taken in accordance with the directives given by the Rastra Bank;
(i) Whether or not action has been taken to protect the interests of depositors and investors;
(j) Whetheor not the returns received from the offices of the licensed institution were adequate for the purpose of audit;
(k) Other matters, which, in his or her opinion, should be made known to the shareholders;
(l) Such other matters prescribed by the Rastra Bank as required to be mentioned by an auditor in his or her report, and
(m) Necessary suggestions.