(1) The Board shall keep books of account and proper records in relation to the Fund in the form approved by the Auditor-General.

(2)   The Board shall submit the accounts of the Fund to the Auditor-General for audit within three months after the end of the financial year.

(3)  The Auditor-General shall not later than three months after the receipt of the accounts, audit the accounts and forward a copy of the audit report to the Minister.