13Accounts and audit

13 Accounts and audit

13 Accounts and audit

(1) The Institute shall cause to be kept proper accounts and records in relation to all of its operations.

(2) The Treasurer of the Institute shall, as soon as practicable, but within 6 months, after the end of each financial year of the Institute, prepare and submit to the Board a statement of accounts, together with a certificate of a qualified accountant given under this section in relation to the statement.

(3) The statement of accounts shall include such information as the Board has requested and shall exhibit a true and fair view of the financial position and transactions of the Institute.

(4) The Treasurer of the Institute shall, as soon as practicable, but within 4 months, after the end of the financial year to which a statement of accounts relates, transmit the statement to a qualified accountant for verification and certification.

(5) The qualified accountant’s certificate shall state that the accountant has audited the accounts of the Institute relating to the relevant financial year, shall indicate whether the statement of accounts complies with subsection (3) and shall set forth any qualifications subject to which the certificate is given.

(6) Nothing in this section prevents the alteration of the statement of accounts, with the approval of the qualified accountant, after its receipt by the accountant and before its submission to the Board.

(7) In this section, qualified accountant means a registered company auditor, within the meaning of the Corporations Act 2001 of the Commonwealth.

s 13: Am 2001 No 34, Sch 2.22 [2].