sec.171Keeping of accounts

### sec.171 Keeping of accounts A licensed monitoring operator must— keep accounting records that correctly record and explain the transactions and financial position for the operator’s monitoring operations; and keep the accounting records in a way that allows— true and fair financial statements and accounts to be prepared from time to time; and the financial statements and accounts to be conveniently and properly audited. Maximum penalty—100 penalty units. s 171 ins 1999 No. 8 s 51 amd 1999 No. 77 s 3 sch 1 - (a) keep accounting records that correctly record and explain the transactions and financial position for the operator’s monitoring operations; and - (b) keep the accounting records in a way that allows— (i) true and fair financial statements and accounts to be prepared from time to time; and (ii) the financial statements and accounts to be conveniently and properly audited. - (i) true and fair financial statements and accounts to be prepared from time to time; and - (ii) the financial statements and accounts to be conveniently and properly audited. - (i) true and fair financial statements and accounts to be prepared from time to time; and - (ii) the financial statements and accounts to be conveniently and properly audited.