Singapore legislation
Clause 33
Clause 33
Accounts and audit
(1)
The Authority shall keep proper accounts and other records in respect of its operations, and shall cause to be prepared a statement of accounts in respect of each financial year.
(2)
The accounts of the Authority shall be audited by auditors to be appointed annually by the Authority with the concurrence of the Minister.
(3)
After the end of each financial year, as soon as the accounts of the Authority have been audited, the Authority shall cause a copy of the statement of accounts to be transmitted to the Minister, together with a copy of any report made by the auditors on that statement or on the accounts of the Authority.
(4)
The Minister shall cause a copy of every such statement and report to be presented to Parliament.