Accounts and audit

(1) Subject to the provisions of this Act, the members of the District Divisional Committees shall hold office for a 28 period of three years from 1st November of the year of election except that one third of such members shall retire at the end of each of the first two years after the commencement of this Act. (2) The retirement of one third of the members at the end of each of the first two years shall be decided by the drawing of lots. (3) The accounts of the Corporation shall be audited by an auditor appointed annually by the Corporation with the approval of the Minister. (4) So soon as the accounts of the Corporation have been audited, the Corporation shall send the statement of its accounts referred to in subsection (1) of this section to the Minister, together with a copy of any report made by the auditors on that statement or on the accounts of the (5) The auditor’s fees and expenses of the audit shall be paid by the Corporation. (6) The Auditor General shall be entitled at all reasonable times to examine the accounts and other records in relation to the business of the Corporation and to make such report thereon to the National Assembly as, in his discretion, he considers should be made.