Financial Year And Accounting

1 FINANCIAL YEARS:

The Association’s financial year shall be fixed by the National Executive Committee

2. ACCOUNTS

2.1   The National Executive Committee shall cause proper books of account to be kept with respect to:-
2.1.1 Assets and liabilities of the Association.
2.1.2 Sums of money received and expended by the Association and matters in respect of which such receipts and expenditure take place, and
2.1.3 All sales purchases of goods by the Association.
2.2     The Treasurer of every Branch shall be responsible for keeping, full and proper books of account reflecting the financial affairs of the Branch
2.3     The books of accounts shall keep at a convenient place and shall always be open to inspection by the Committee.
2.4 Once at least in every year, the accounts of the Association shall be examined and the correctness of the income and Expenditure Account and Balance Sheet shall be ascertained by one or more professionally qualified Auditors or Auditor.
2.5 Once in every year, the Committee shall lay before the Association at an Annual General Meeting audited financial statements. Such financial statements shall be available for inspection at the Association offices at least seven [7] days before the Annual General Meeting.