75Duty to keep books of account etcE+W+S
(1)A registered society must ensure that proper books of account are kept with respect to its transactions and its assets and liabilities.
(2)The duty under subsection (1) includes a duty to ensure that there are kept such books as are necessary to—
(a)give a true and fair view of the state of the society's affairs, and
(b)explain its transactions.
(3)A registered society must establish and maintain a satisfactory system of control of its—
(a)books of account,
(b)cash holdings, and
(c)receipts and remittances.