Section 22Part 3 — Finance
Audit
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The accounts of all transactions of the Council shall be audited annually by the Auditor General of the Islands who shall have such powers in relation to the Council, its officers and employees, the Council members, and the property, securities and financial statements of the Council as he has in relation to other public money and public officers by virtue of the Public Management and Finance Law (2010 Revision).
The Council shall prepare its financial statements within three months of the close of the financial year to which they relate and, on completion of the audit of the Council's financial statements under subsection (1), the Auditor General shall prepare a report thereon within six months of the close of the financial year to which the audited financial statements relate.
In addition to the audit carried out for the purposes of subsection (1), the Minister may, at any time, request the Auditor General to examine and report upon the financial statements of the Council or any part of those financial statements, and the Council shall provide the facilities necessary for such examination.
Cross References
- Section of Public Management And Finance Law
Public Management and Finance Law (2010 Revision)