Malaysia legislation
Section 33
Section 33
(1)
A Board shall cause —
(a)
proper accounts and other records in relation thereto to be kept; and
(b)
an annual statement of accounts to be prepared.
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(2)
The annual statement of accounts of a Board shall present a true and fair view of the financial position of the Board for the year to which it relates.
(3)
The financial year of the Board shall be the period commencing on the 1st day of January and ending on the 31st day of December in each year.
Audit and statement of accounts.