Employment and Industrial Relations Act (Cap. 452), article 59

59. (1) Every trade union and ev ery employers’ association shall - (a) cause to be kept proper accounting records with respect to its transactions and its assets and liabilities, EMPLOYMENT AND INDUSTRIAL RELATIONS [ CAP. 452. 43 that is to say such records as are necessary to give a true and fair view of the state of affairs of the union or association and to explain its transactions; and (b) establish and maintain a satisfactory system of control of its accounting records, its cash holdings and all its receipts and remittances. (2) Every trade union and every employers’ association shall appoint an auditor or auditors having the qualifications requir ed by this article to audit its accounts; and every trade union or employers’ association which has been in existence for more tha n twelve months shall once at least in every calendar year cause such accounts to be prepared and audited by such auditor or auditors as aforesaid. (3) Every trade union and every employers’ association shall, not later than one month from the auditing of the accounts, tra nsmit a copy of such accounts to the Registrar. (4) Every trade union and every employers’ association shall at the request of any of its members supply him with a copy of its most recent audited accounts eithe r free of charg e or on paymen t of a fee as may be prescribed. Cap.386. (5) A person shall be qualified to audit the accounts of a trade union or of an employers’ association if he is qualified to aud it the accounts of a company in accordance with the provisions of the Companies Act . Report by Registrar.