Section 23
Audit of accounts
of Centre for Strategic and Policy Studies Act
(1)
The accounts of the Centre shall be audited annually by the
Auditor General or by such other auditor as may be appointed annually by the Board in consultation with the Auditor General:
Provided that where the accounts of the Centre have been audited by an auditor other than the Auditor General, they may be verified by the
Auditor General before they are presented to the Minister of Finance and
Economy pursuant to section 24.
Centre for Strategic and Policy Studies 14
(2)
A person shall not be qualified for appointment as an auditor under subsection (1) unless he has been authorised to perform the duties of an auditor under the Companies Act (Chapter 39).
(3)
The auditor shall in his report state —
(a)
whether the financial statements show fairly the financial transactions and the state of affairs of the Centre;
(b)
whether proper accounting and other records have been kept, including records of all assets of the Centre, whether purchased, donated or otherwise;
(c)
whether the receipts, expenditure and investment of moneys and the acquisition and disposal of assets by the Centre during the financial year were in accordance with this Act; and such other matters arising from the audit as he considers necessary.
(4)
The auditor shall, as soon as practicable after the accounts have been submitted for audit and in any case not later than 6 months after the end of the financial year, send a report of his audit to the Centre.
(5)
The auditor shall submit such periodical and special reports to the
Minister of Finance and Economy and to the Centre as may appear to him to be necessary or as the Minister of Finance and Economy or the Centre may require.
Presentation of audited financial statements and auditor’s report to