Malaysia legislation
Section 55
Section 55
(2)
The form of account may be prescribed by regulations.
(3)
The account shall be verified by statutory declaration, and the union shall cause the account to be audited by some fit and proper person approved by the Director General.
(4)
After the account has been audited, the treasurer or other officer or employee referred to in subsection (1) shall forthwith hand over to the trustees of the union, if required by them to do so, such balance as appears to be due from him, and also, if so required, all bonds, securities, effects, books, papers and property of the union in his hands or custody, or otherwise under his control.
Annual returns to be prepared as Director General may direct