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Accounts.
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15.—(1) The Board shall cause to be kept proper accounts of all income and expenditure of the Board, and of the sources of such income and the subject matter of such expenditure, and of the property, credits and liabilities of the Board.
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(2) The financial year of the Board shall be the calendar year, and for the purposes of this provision the period commencing on the first appointed day and ending on the next following 31st day of December shall be deemed to be a calendar year.
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(3) The statement of accounts of the Board for each financial year shall, as soon as may be after the end of such financial year, be prepared and after such preparation be audited by and be subject to a report by a duly qualified accountant appointed annually by the Board.
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(4) Upon completion of an audit under this section a copy of the balance sheet and profit and loss account as certified by the auditor and a copy of the auditor's report shall be sent by the Board to the Minister.
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