(1) The books and accounts of the Corporation shall be audited each year by the Auditor-General or an auditor appointed by him.

(2) The Auditor-General or an auditor appointed by him shall not later than the 30th day of September in each year forward to the Commissioner a copy of the audited accounts of the Corporation for the financial year ending 30th June immediately preceding and his report thereon.

(3) The report of the Auditor-General or an auditor appointed by him shall state whether in his opinion-

(a) proper books of account have been kept by the Corporation;

(b) the financial statement of the Corporation was prepared on a basis consistent with that of the preceding year and is in agreement with the books of accounts of the Corporation;

(c) the balance sheet gives a true and fair view of the income and expenditure or profit and loss of the Corporation for the financial year,

and the Auditor-General or the auditor appointed by him shall call attention of the Commissioner to any matter falling within the scope of his examination which in his opinion should be brought to the attention of the Council.