Print Options

(1) The Institute shall keep proper books of account and proper records in relation to them and the accounts and records of the Institute shall be in a form approved by the Auditor-General.

(2) The books and accounts of the Institute shall be audited by the Auditor-General or an auditor appointed by him within six months after the end of each financial year.

(3) The financial year of the Institute shall be the same as the financial year of the Government.

(4) The Director shall prepare budget estimates and a statement of assets and liabilities of the Institute for each financial year and present the estimates to the Council for its consideration and approval not later than three months before the end of the financial year.