74Review or audit of accounts

74 Review or audit of accounts (1) A medium and large association must appoint an auditor. (2) For each financial year, the committee of an incorporated association must take reasonable steps to ensure that the following is done at least 14 days before the association’s annual general meeting: (a) for a small association—the association’s accounts for the financial year are reviewed by a reviewer; (b) for a medium association—the association’s accounts for the financial year are reviewed or audited by an auditor; (c) for a large association—the association’s accounts for the financial year are audited by an auditor.