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FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 31

Auditors' report.

31.(1) The auditors of a registered society or branch shall make a report to
the society or branch on the accounts examined by them and on the revenue
account or accounts and the balance sheet of the society or branch for the
year of account in respect of which they are appointed.

(2) The report shall state whether the revenue account or accounts and the
balance sheet for that year comply with the requirements of this Act and
whether, in the opinion of the auditors

(a)the revenue account or accounts give a true and fair view, in accordance
with section 23, of the income and expenditure of the society or branch as a
whole for that year of account and, in the case of each such account which
deals with a particular business conducted by the society or branch, a true
and fair view in accordance with that section of the income and expenditure of
the society or branch in respect of that business for that year; and

(b)the balance sheet gives a true and fair view, in accordance with that
section, either of the assets and current liabilities of the society or branch
and the resulting balances of its funds or of the state of the affairs of the
society or branch (as the case may require) as at the end of that
year of account.

(3) Without prejudice to subsection (2), where the report of the auditors
relates to any accounts other than the revenue account or accounts for the
year of account in respect of which they are appointed, that report shall
state whether those accounts give a true and fair view of any matter to which
they relate.

(4) It shall be the duty of the auditors of a registered society or branch, in
preparing their report under this section, to carry out such investigations as
will enable them to form an opinion as to the following matters, that is to
say,

(a)whether the society or branch has kept proper books of account in
accordance with the requirements of section 22(1)(a); and

(b)whether the society or branch has maintained a satisfactory system of
control over its transactions in accordance with the requirements of
section 22(1)(b); and

(c)whether the revenue account or accounts, the other accounts, if any, to
which the report relates, and the balance sheet are in agreement with the
books of account of the society or branch;

(5) If the auditors fail to obtain all the information and explanations which,
to the best of their knowledge and belief, are necessary for the purposes of
their audit, they shall state that fact in their report.

(6) The foregoing provisions of this section shall not have effect so as to
impose any duties or confer any rights upon auditors in respect of any
year of account of a society or branch beginning before 1st January 1971.

© 1970 Crown Copyright

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