Trade Union Act, 1926
15. Audit
The auditor or auditors appointed in accordance with the
regulations shall be given access to all the books of the trade union and shall
verify the annual return with the accounts and vouchers relating thereto and
shall thereafter sign the auditor’s declaration appended to Form D, indicating
separately on that form under his signature or their signatures a statement
showing in what respect he or they find the return to be incorrect, untouched
or not in accordance with the Act. The particulars given in this statement
shall indicate-
(a) every payment which appears to be unauthorized by the rules
of the trade union or contrary to the provisions of the Act,
(b) the amount of any deficiency or loss which appears to have
been incurred by the negligence or misconduct of any person,
(c) the amount of any sum which ought to have been but is not
brought to account by any person.