Cap. 640 Art. 39Accounts and audit.

(1) The Authority shall cause to be kept 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 an auditor or auditors to be appointed by the Authority and approved by the Minister:

Provided that the Minister responsible for finance may, after consultation with the Minister, require the books and accounts of the Authority to be audited or examined by the Auditor General who shall for that purpose have the power to carry out such physical checking and other verifications as he may deem necessary.

(3) The Authority shall, in accordance with regulations published by the Minister, cause a copy of the statement of accounts duly audited to be transmitted 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 laid before the House as soon as practicable.

(5) The Authority shall ensure that an audit trail of all files, including all documentation and reports are kept:

Provided that the files, documentations and reports may be digitised and the Board may after digitisation dispose of hard copies of files, documentations and reports after a period of at least six (6) months from date of submission to or decision of the Authority or to any other previous entity carrying out the same functions.