Ontario Business Corporations Act
Part XII Auditors and Financial Statements
Section 148

Exemption From Audit Requirements

In respect of a financial year of a corporation, the corporation is exempt from the requirements of this Part regarding the appointment and duties of an auditor if,

(a) the corporation is not an offering corporation; and

(b) all of the shareholders consent in writing to the exemption in respect of that year. 1998, c. 18, Sched. E, s. 23.

Section Amendments with date in force (d/m/y) 1998, c. 18, Sched. E, s. 23 – 01/03/1999