(1) The accounts of every company shall be audited annually by its auditors, and every revenue account and balance sheet required to be prepared by the company under section 26(1) shall be accompanied by a report of the auditors addressed to the Registrar stating whether in their opinion—
(a) the accounts have been prepared in accordance with this Act;
(b) the revenue account and the profit and loss account present fairly the results of the company's operations for the financial period to which they relate;
(c) the balance sheet presents fairly the state of the company's affairs at the end of the financial period to which it relates;
(d) adequate records of account have been maintained by the company and are reasonably up to date;
(e) the reserves relating to unexpired policies have been calculated in accordance with section 137; and
(f) the provisions regarding the settlement of outstanding claims are adequate, having regard to the latest estimated costs of settlement of such claims.
(2) Subsections (1)(e) and (1)(f) shall apply only to a company carrying on general insurance business in Saint Lucia.
(3) Where the auditors, for the purpose of exercising the powers conferred on them by subsection (1)—
(a) are unable to obtain all the information they require; or
(b) are not completely satisfied with the information contained in the accounts on which they are reporting,
they shall in their report specify the matters in respect of which they were unable to obtain all the information or matters about which they were not completely satisfied.