Page 27 - Nanyang Technological University

ON A RAPID RISE

INDEPENDENT
AUDITORS’ REPORT

TO THE BOARD OF TRUSTEES OF NANYANG TECHNOLOGICAL UNIVERSITY (CONT’D)

Report on Other Legal and Regulatory Requirements
In our opinion, the accounting and other records required by the Act to be kept by the University Company and by those
subsidiary corporations incorporated in Singapore of which we are the auditors have been properly kept in accordance
with the provisions of the Act.
During the course of our audit, nothing has come to our attention that causes us to believe that during the year:
(a) The use of donation moneys was not in accordance with the objectives of the University Company as required

under regulation 16 of the Charities (Institutions of a Public Character) Regulations; and
(b) The University Company has not complied with the requirements of regulation 15 (Fund-raising expenses) of the

Charities (Institutions of a Public Character) Regulations.

Public Accountants and
Chartered Accountants
Singapore
13 August 2015

NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 25