Section 11Part 0 —
Accounts, book-keeping and reporting
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The Board shall keep such books and records of account and in such form and manner as the Minister of Finance may direct.
Within the period of four months after the end of each academic year the Board shall prepare and submit to the Auditor General in respect of that academic year —
a statement of assets and liabilities of the College as at the close of the academic year;
a statement of revenue and expenditure by the College during the academic year; and
such other statements as may be specified by the Minister of Finance.
On receipt of the statements referred to in subsection (2), the Auditor General shall examine and audit the statements and shall certify the statements, subject to such report, if any, which he may think fit.
The Auditor General shall, within a period of seven months after the end of the academic year to which they relate, return to the Board the certified statements together with his report, if any.
On receipt from the Auditor General of the certified statements and his report, if any, the Board shall prepare and submit to the Minister and the Minister of Finance a report of the financial activities of the College during the academic year to which the certified statements relate, which report shall include a copy of the certified statements and of the Auditor General's report, if any.
The report of the Board together with a copy of the certified statements and the Auditor General's report, if any, shall be laid by the Minister on the table of the Legislative Assembly as soon as practicable after he receives it.