Audit of accounts

(1) In pursuance of the provisions of section 35 of the Act, the accounts of every registered society shall be audited once at least in every year by some person authorised by the Registrar. Such person shall have access to all the books and accounts of the registered society and shall examine every balance sheet and annual return of the receipts and expenditure, funds and effects of the registered society, and shall verify the same with the accounts and vouchers relating thereto, and shall either sign the same as found by him to be correct, duly vouched and in accordance with the Act, and shall report to the Registrar accordingly, or shall specially report to the Registrar in what respects he finds the same incorrect, unvouched or not in accordance with the Act. The Registrar shall thereupon forward the report of such person to the committee. (2) Any expense incurred in carrying out the requirements of this rule shall, where required by the Registrar, be paid by the registered society.