Accounts and audit

(1) The Corporation shall keep proper accounts and other records in relation to the business of the Corporation and shall prepare annually a statement of accounts in a form satisfactory to the Minister, being a form which shall conform with the best commercial standards. (2) The accounts and records shall be kept in such a manner as to secure the provision of separate information as respects each of the main activities of the Corporation and to show, as far as may be, the financial and operating results of each such activity. (3) The accounts of the Corporation shall be audited by an auditor appointed annually by the Corporation with the approval of the Minister. (4) As 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 auditors 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.