Clause 17
Accounts of the Board
BillNot in forceProvision 17 of 23
Clause 17
(1)
The Board shall keep proper accounts and other records of its own and shall prepare in respect of each financial year a statement of its accounts in a form approved by the Minister.
(2)
The accounts of the Board shall be audited by a qualified auditor appointed annually by the Board with the approval of the Minister and such auditor shall make a report on the accounts examined by him.
(3)
As soon as the accounts of the Board have been audited in accordance with subsection (2) of this section a copy of the statement of accounts together with a copy of any report made by the auditor shall be submitted to the Minister, who shall present to Parliament a copy of every such statement and report.