43Financial accounts

43 Financial accounts

(1)  The Council must –

(a) cause correct financial accounts to be kept of –

(i) the income and expenditure of the Society; and

(ii) the property, assets and liabilities of the Society; and

(b) cause those financial accounts to be audited by the auditors at the end of each financial year.

(2)  The treasurer must submit, to the next annual general meeting of the Society that occurs after an audit, the financial accounts audited in accordance with subclause (1)(b) for approval by the full members present, in person or by proxy, at the meeting.