Scholarship Exchange (Ireland and the United States of America) Act, 1957

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Accounts and audit.

16.—(1) The Board shall keep accounts of the Fund and of all payments made into and out of the Fund in such form as may be approved of by the Minister after consultation with the Minister for Finance.

(2) The accounts under this section shall be submitted annually by the Board to the Comptroller and Auditor General for audit at such time as the Minister, after consultation with the Minister for Finance, directs.

(3) Upon completion of an audit under this section, the Board shall submit to the Minister an abstract of the accounts certified by the Comptroller and Auditor General and his report on the accounts, and the Minister shall cause copies of the abstract and report to be laid before each House of the Oireachtas.