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INDUSTRIAL AND PROVIDENT SOCIETIES ACT (NORTHERN IRELAND) 1969 - SECT 43

Auditors' report and right of access to books and to attend and be heard at meetings.

43.(1) The auditors of a registered society shall make a report to the society
on the accounts examined by them, and on the revenue account or accounts and
the balance sheet of the society for the year of account in respect of which
they are appointed.

(2) The report shall state whether the revenue account or accounts and the
balance sheet for that year comply with the requirements of this Act and
whether, in the opinion of the auditors

(a)the revenue account or accounts give a true and fair view in accordance
with section 37 of the income and expenditure of the society as a whole for
that year of account and, in the case of each such account which deals with a
particular business conducted by the society, a true and fair view in
accordance with that section of the income and expenditure of the society in
respect of that business for that year, and

(b)the balance sheet gives a true and fair view in accordance with that
section of the state of the affairs of the society as at the end of that
year of account.

(3) Without prejudice to the provisions of subsection (2), where the report of
the auditors relates to any accounts other than the revenue account or
accounts for the year of account in respect of which they are appointed that
report shall state whether those accounts give a true and fair view of any
matter to which they relate.

(4) It shall be the duty of the auditors of a registered society, in preparing
their report under this section, to carry out such investigations as will
enable them to form an opinion as to the following matters, that is to say

(a)whether the society has kept proper books of account in accordance with the
requirements of section 35(1)(a);

(b)whether the society has maintained a satisfactory system of control over
its transactions in accordance with the requirements of section 35(1)(b); and

(c)whether the revenue account or accounts, the other accounts, if any, to
which the report relates, and the balance sheet are in agreement with the
books of account of the society;

(5) Every auditor of a society

(a)shall have a right of access at all times to the books, deeds and accounts
of the society, and to all other documents relating to its affairs, and

(b)shall be entitled to require from the officers of the society such
information and explanations as he thinks necessary for the performance of the
duties of the auditors.

(6) If the auditors fail to obtain all the information and explanations which,
to the best of their knowledge and belief, are necessary for the purposes of
their audit, they shall state that fact in their report.

(7) The auditors of a society shall be entitled

(a)to attend any general meeting of the society, and to receive all notices of
and other communications relating to any general meeting which any member of
the society is entitled to receive, and

(b)to be heard at any meeting which they attend on any part of the business of
the meeting which concerns them as auditors.

(8) The preceding provisions of this section shall not have effect so as to
impose any duties or confer any rights upon auditors appointed in respect of
any year of account of a registered society beginning before 1st January 1970.

© 1969 Crown Copyright

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