Cap. 605 Art. 55Accounts and audit.

(1) The entity shall cause to be kept proper books of account and other records in respect of the entity’s operations and shall cause to be prepared a statement of accounts in respect of each financial year according to set accounting standards.

(2) The accounts of the entity shall be audited by an auditor or auditors to be appointed by it and approved by the Minister, after consultation with the Minister responsible for finance:

Provided that the Minister responsible for finance may, after consultation with the Minister, require the books and accounts of the entity to be audited or examined by the Auditor General.