In The Name Of Allah ,Most Gracious,Most Merciful
Au Nom de Dieu le Tres Misericordieux,le Tout Misericordieux
Section 1: The fiscal year of the M.C.Q. shall be from the first day of January to the last day of December of the same calendar year.
Section 2: The President and the Financial Administrator shall present the Financial Statement of the M.C.Q. to the general body for discussion.
Section 3: The President and the Financial Administrator shall present the budget of the M.C.Q. to the Council of Trustees for approval.
Section 4: All normal day-to-day transactions shall be handled through one bank account, the title of which shall be identical to the name of the M.C.Q. in French and English.
Section 5: All funds for special projects and special purposes may be handled through additional accounts whose titiles must include the name of the M.C.Q. in full or in abbreviation, in French or English, and the name of the special account.
Section 6: Disbursements from all accounts shall be made possible through the joint signature of the President and the Financial Administrator or authorized member/s of the Council of Trustees.
Section 7: Audit
A- The President shall cause the accounts of the M.C.Q. to be fully examined and
the correctness of the General Statement of Income and Expenditure and Balance Sheet
ascertained by one or more external auditors.
B- An interim audit shall be made every six months in order to ensure that the accounts of
the M.C.Q. are kept up-to-date and in accordance with the established methods.
C- Should the situation warrant, the auditor, at his discretion may request the President to
take any necessary steps to ensure that the financial accounts of the M.C.Q. are
D- Along with the Annual Financial Statement as described in Article IV, Section 3, the
auditor shall also present his report to the General Meeting for discussion and to the
Council of Trustees for approval. This report must be brought to the notice of the