(1) The Board shall-

(a) cause proper accounts and other records in relation thereto to be kept;

(b) prepare an annual statement of accounts in such form and containing such particulars as the Auditor-General may from time to time direct, or as may be required to satisfy its undertakings or engagements.

(2) The accounts of the Board shall be audited annually by the Auditor-General, who shall make a report thereon to the Government.