Section 348 — Audit

Where the total income of a registered non-profit organisation, without
giving effect to the provisions of this Part, exceeds the maximum amount which
is not chargeable to income-tax in any tax year, the accounts of such registered
non-profit organisation for that tax year shall be audited by an accountant and the
person in receipt of the income shall be required to furnish a report of an audit of
such income by such date in the prescribed form, duly signed and verified by such
accountant and setting forth such particulars, as may be prescribed.