Malaysia legislation
Section 63
Section 63
(2)
The auditor of a registered society shall audit and report on the financial statements submitted by the registered society after the close of the financial year.
(3)
The auditor of a registered society shall, in respect of the accounts, records and statements referred to in subsections (1) and (2), report—
(a)
whether such financial statements give a true and fair view of the financial transactions and the state of affairs of the society; and
(b)
such other matters arising from the audit as he considers should be reported, and shall state in his report whether—
(aa) proper accounting and other records have been kept; and
(bb) the receipt, expenditure and investment of moneys and the acquisition and disposal of assets by the registered society during the year have been in accordance with this Act, the regulations and the by-laws of that registered society.
(4)
The auditor of a registered society may at any other time report to the Registrar-General and the registered society upon any matters arising out of the performance of the audit.
(5)
The audit of the accounts of a registered society shall include an examination of and report on overdue debts, if any, and an examination of and report on the valuation of the assets and liabilities of the registered society.