Accounts and audit

(1) The Authority shall keep proper accounts of all its financial transactions, of assets and liabilities, and a complete record of all other matters relating to its finances and shall prepare annually a statement of accounts in a manner satisfactory to the Minister of Finance and in conformity with sound commercial practice. (2) The accounts of the Authority shall be audited by an auditor approved by the Minister of Finance. (3) The auditor of the Authority shall be supplied with a copy of the annual balance sheet of the Authority, and it shall be his duty to examine such balance sheet together with the accounts and vouchers relating thereto. (4) The directors, officers, agents and servants of the Authority shall grant to the auditor access to all books, 18 documents, cash and securities of the Authority and shall give to him on request all such information as may be within their knowledge in relation to the operations of the Authority. (5) Notwithstanding anything in this section, the Minister of Finance may, in his discretion, at any time require the Auditor General to examine the accounts of the Authority in which event the Board shall afford the Auditor General with all facilities for examination as the Auditor General may require. (6) All the expenses incurred for the purpose of auditing shall be paid out of the funds of the Authority.