New Zealand Legislation: Regulations

23 Accounting records to be kept

• (1) A committee must cause accounting records to be kept that—

  • (a) correctly record and explain the transactions of the committee; and

  • (b) will at any time enable the financial position of the committee to be determined with reasonable accuracy; and

  • (c) will enable the members of the committee to ensure that the financial statements of the committee comply with regulation 24; and

  • (d) will enable the financial statements of the committee to be readily and properly audited.

  (2) The accounting records must be in written form or kept in a manner in which they are easily accessible and convertible into written form.