Accounts and audit
47 Accounts and audit
The committee of management of every free library, reading room, mechanics' institute or trades' hall must ensure that there are kept proper accounts and records of the transactions and affairs of the committee under this Act.
Before 30 September in each year, the committee must, in respect of the financial year ended on 30 June in that year, prepare an annual report containing—
a report of its operations during the financial year; and
financial statements for the financial year.
The financial statements referred to in subsection (2)(b) must be audited by an auditor and must be certified by the auditor and the treasurer of the free library, reading room, mechanics' institute or trades' hall.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.