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

(2) The Board shall submit the accounts of the Authority to the Auditor- General or 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 account and forward a copy of the audit report to the Minister

(4) In addition to the annual audit, technical audits may be conducted on selective basis by the auditor-General or an auditor appointed by the Auditor-General.

(5) The financial year of the Authority shall be the same as the financial year of the Government.