Regulation 10 Accounting principles and rulesI1

A society must prepare its annual accounts in accordance with the accounting principles and rules set out in Schedule 6.

A non-directive society must prepare its annual accounts in accordance with the accounting principles and rules set out in Parts I and II of Schedule 6 and in the application of those Parts of the Schedule to a non-directive society, references in those Parts to a society are, where appropriate, to be construed as references to a non-directive society.