Section 61: Accountability of Mauritius Institute of Professional Accountants
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
61. Accountability of Mauritius Institute of Professional Accountants
(1) The Mauritius Institute of Professional Accountants shall keep proper
accounts and records of its transactions and affairs and shall do all things
necessary to ensure that all payments out of its monies are correctly made
and properly authorised and that adequate control is maintained over the assets of, or in the custody of, the Mauritius Institute of Professional Accountants and over the expenditure incurred by the Mauritius Institute of Professional Accountants.
(2) The Mauritius Institute of Professional Accountants shall—
(a) within 3 months of the close of its financial year, submit to its
members an annual report on its affairs and functions during that
financial year, which shall include—
(i) a copy of its audited annual financial statements;
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Revised Laws of Mauritius
(ii) an overview of the activities of the Mauritius Institute of
Professional Accountants;
(iii) an account of the extent to which the objects of the
Mauritius Institute of Professional Accountants have been
achieved in that financial year;
(iv) a profile of Board Members of the Mauritius Institute of
Professional Accountants, and their attendance of meetings
of the Mauritius Institute of Professional Accountants; and
(v) such other matters as the Board of the Mauritius Institute
of Professional Accountants may determine to maintain
public confidence in the accountancy profession;
(b) file a copy of the annual report referred to in paragraph (a) with
the Council within 3 months of the close of its financial year.
(3) The period starting from the commencement of this Act to 30 June in
the following year shall be the first financial year.