Singapore legislation
Section 9
Section 9
Receipt and audit of accounts of charities
(1)
Statements of accounts giving the prescribed information about the affairs of a charity shall be transmitted yearly to the Commissioner by the charity trustees unless the charity is excepted from such requirement by regulations made under this Act.
(2)
The Commissioner may by order require that the affairs and accounts of a charity for such period as he thinks fit shall be investigated and audited by an auditor appointed by him.
(3)
An auditor acting under subsection (2) shall —
have access to all books, accounts and documents relating to the charity which are in the possession or control of the charity trustees or to which the charity trustees have access;
be entitled to require from any charity trustee, past or present, and from any past or present officer or employee of the charity such information and explanation as he thinks necessary for the performance of his duties; and
at the conclusion or during the progress of the audit, make such report to the Commissioner about the audit or about the accounts or affairs of the charity as he thinks the case requires, and shall send a copy of any such report to the charity trustees.
(4)
The expenses of any audit under this section, including the remuneration of the auditor, shall be paid by the charity.
(5)
If any person fails to —
transmit to the Commissioner any statement of accounts required by subsection (1); or
afford an auditor any facility to which he is entitled under subsection (3),he shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000 and the Commissioner may by order give to that person or to the charity trustees for the time being such directions as the Commissioner thinks appropriate for securing that the default is made good.
(6)
This section shall not apply to an exempt charity.