Rhode Island § 7-8-30 § 7-8-30. Annual audit of books.

Rhode Island Statutes

§ 7-8-30 — § 7-8-30. Annual audit of books.

Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-8 Consumersâ€™ Cooperatives

§ 7-8-30. Annual audit of books.
Every association shall have its books audited at the end of its fiscal year by an
            experienced bookkeeper or accountant, who shall not be an officer or director. Where
            the annual business amounts to less than ten thousand dollars ($10,000), the audit
            may be performed by a committee of three (3), who shall not be directors, officers,
            or employees. A written report of the audit, the balance sheet, and the income and
            expenses, shall be submitted to the annual meeting of the association.
         

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§ 7-8-30. Annual audit of books.

Every association shall have its books audited at the end of its fiscal year by an experienced bookkeeper or accountant, who shall not be an officer or director. Where the annual business amounts to less than ten thousand dollars ($10,000), the audit may be performed by a committee of three (3), who shall not be directors, officers, or employees. A written report of the audit, the balance sheet, and the income and expenses, shall be submitted to the annual meeting of the association.

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