Audit and compliance obligations for trusts: prescribed books and an accountant prepared audit report must be furnished by the specified date. Where a trust's total income computed without giving effect to exemptions for charitable or religious purposes exceeds the maximum non taxable amount, the trust must (a) keep and maintain books of account and other documents in the prescribed form, manner and place, and (b) have its accounts audited by an accountant as defined in the applicable audit provision and furnish the prescribed audit report duly signed and verified by that accountant by the specified filing date.