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ARTICLE 7 : Financial provisions

The finances of the Association will be resident in the place in which the Treasurer resides or as determined by the Council and will be subject to the tax laws of that country.

Where the tax laws of that country so require, it shall be the duty of the Treasurer to have the Association's accounts professionally audited.

Such audited accounts shall be presented to the Association at each General Meeting during the Treasurer's term of office.

Where such tax laws do not apply, the Chair shall appoint an Audit Committee of three Council Members.

The Treasurer shall make available to them all materials relevant to the financial affairs of the Association for inspection.

The Audit Committee shall report their findings to the Council and General Meeting next following.