Accounts, audits and reports

(1) The Medical Council shall keep proper books of accounts of its income and other receipts and expenditures during each financial year and shall also cause a statement of its accounts for each financial year to be prepared within three months after the end of that year, in accordance with established accounting principles. (2) The accounts of the Medical Council for each financial year shall be audited and certified by the Auditor General. (3) The Auditor General shall, with reference to the accounts of the Medical Council, include in the report– (a) whether he has obtained all the information and explanations which to the best of his 38 Medical Practice Act knowledge and belief were necessary for the purposes of the audit; (b) whether, in his opinion, proper books of account were kept by the Medical Council; (c) whether the Medical Council’s balance sheet and accounts dealt with in the report are in agreement with the books of account; (d) whether in his opinion and to the best of the information available to him and the explanations given to him, the said accounts give a true and fair view–– (i) in the case of the balance sheet, of the finances as at the end of the financial year; and (ii) in the case of the income and expenditure account, of the surplus or deficit for the financial year; and (e) whether, in his opinion, the Chairperson and the treasurer of the Medical Council discharged their duties under section 25(5) faithfully and diligently. (4) Within three months after the submission of the audit report to the Medical Council, the Treasurer shall submit that report, together with the Medical Council’s report for that year, to the Medical Council in general meeting.