16. ACCOUNTS
16.1 The Council shall keep books of account for:
16.1.1 all sums of money received and spent by the Institute;
16.1.2 any sales and purchase of goods or property by the Institute; and
16.1.3 the assets and liabilities of the Institute.
16.2 The books of account shall be kept and maintained by the Treasurer who shall produce them to the Council on demand.
16.3 A copy of the accounts which are to be presented to the Institute in annual general meeting and a copy of the auditor's report shall be sent to every Member not less than 7 days before an annual general meeting. After the accounts and auditors report are adopted by an annual general meeting copies shall be filed promptly by the Treasurer with the Registrar.
