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

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

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

(4) The financial! year of the Council, shall be the same as the financial year of the Government.