Singapore legislation
Clause 12
Clause 12
Accounts and audits
(1)
The Board shall keep proper accounts and other records in respect of its activities and proceedings and shall prepare a statement of accounts in respect of each year ending on the 31st day of December.
(2)
The accounts of the Board shall be audited by an auditor appointed by the Board and approved by the Minister.
(3)
As soon as the accounts of the Board have been audited, a copy of the statement of accounts together with a copy of any report made by the auditor shall be submitted to the Minister.
(4)
The Minister shall present a copy of any such statement of accounts and auditor’s report to Parliament.