SCHEDULES
SCHEDULE 1THE INSTITUTE
Finance
17
1
The Institute shall—
a
keep proper accounts and proper records in relation to the accounts; and
b
prepare a statement of accounts in respect of each financial year.
2
The statement of accounts shall—
a
be in such form; and
b
contain such information,
as the Department may, with the approval of the Department of Finance and Personnel, direct.
3
The Institute shall, within such period after the end of each financial year as the Department may direct, send copies of the statement of accounts relating to that year to—
a
the Department; and
b
the Comptroller and Auditor General.
4
The Comptroller and Auditor General shall—
a
examine, certify and report on every statement of accounts sent to him by the Institute under this paragraph; and
b
send a copy of his report to the Department.
5
The Department shall lay a copy of the statement of accounts and of the Comptroller and Auditor General’s report before the Assembly.