(1) The directors of a society must approve the financial statements referred to in section 124, and the approval must be evidenced by the signature of 2 or more directors.
(2) A society shall not issue, publish or circulate copies of the financial statements referred to in section 124 unless the financial statements are—
(a) approved and signed in accordance with subsection (1); and
(b) accompanied by a report of the auditor, if any, of the society.