(1) The auditors of a building society shall make a report to the members on the accounts examined by them, and on the annual accounts and the directors' report which are to be laid before the society at the annual general meeting during their tenure of office.
(2) The auditors' report shall be read at the annual general meeting of the society and shall be open to inspection by any member of the society.
(3) The auditors' report shall state whether -
(a) they have obtained all the information and explanations which, to the best of their knowledge and belief, were necessary for the purposes of their audit;
(b) they are of the opinion that proper accounting records have been kept by the society;
(c) they are of the opinion that proper returns adequate for their audit have been received from branches and agents of the society not visited by them;
(d) the society's annual accounts are in agreement with the accounting records and the said returns;
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