Industrial Research and Standards Act, 1961

Finances, accounts and audits.

41.—(1) The Institute shall keep, in such forms as shall be approved by the Minister with the concurrence of the Minister for Finance, all proper and usual accounts of all money received or expended by the Institute, and in particular shall keep in such forms as aforesaid all such special accounts as the Minister of his own motion or at the request of the Minister for Finance shall from time to time direct.

(2) Accounts kept in pursuance of this section shall be submitted annually by the Institute to the Comptroller and Auditor-General for audit at such time as the Minister, with the concurrence of the Minister for Finance, shall direct and the said accounts, when so audited, shall, together with the report of the Comptroller and Auditor-General thereon, be presented to the Minister who shall cause copies thereof to be laid before each House of the Oireachtas.