Cap. 452 Art. 59Accounting records. Cap.386.

(1) Every trade union and every employers’ association shall -

(a) cause to be kept proper accounting records with respect to its transactions and its assets and liabilities, that is to say such records as are necessary to give a true and fair view of the state of affairs of the union or association and to explain its transactions; and

(b) establish and maintain a satisfactory system of control of its accounting records, its cash holdings and all its receipts and remittances.

(2) Every trade union and every employers’ association shall appoint an auditor or auditors having the qualifications required by this article to audit its accounts; and every trade union or employers’ association which has been in existence for more than twelve months shall once at least in every calendar year cause such accounts to be prepared and audited by such auditor or auditors as aforesaid.

(3) Every trade union and every employers’ association shall, not later than one month from the auditing of the accounts, transmit a copy of such accounts to the Registrar.

(4) Every trade union and every employers’ association shall at the request of any of its members supply him with a copy of its most recent audited accounts either free of charge or on payment of a fee as may be prescribed.

(5) A person shall be qualified to audit the accounts of a trade union or of an employers’ association if he is qualified to audit the accounts of a company in accordance with the provisions of the Companies Act.