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

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

(3) The Auditor-General shall, not later than six months after the end of each financial year, forward to the Minister a copy of the audited accounts of the Council for the preceding financial year.

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