Every registered society shall once in every year submit its accounts for audit to one or more of the persons for the time being appointed under section 38 of this Act to be approved auditors.
The accounts of a society shall not be submitted for audit to an approved auditor who holds any office in connection with the society other than as auditor of its accounts.
A society's auditor or auditors shall have access to all the books, deeds, documents and accounts of the society, and shall examine the balance sheet and revenue account of the society, and verify them with the books, deeds, documents, accounts and vouchers relating to them, and shall either—
(a) sign them as found to be correct, duly vouched, and in accordance with law ; or
(b) specially report to the society in what respects they are found to be incorrect, unvouched. or not in accordance with law.
A registered society shall not publish any balance sheet which has not been previously audited in accordance with this section, and any copy of a balance sheet published by the society shall incorporate any report made thereon by the auditor or auditors.