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PART 6
Accounts, Audit and Account Report

23. Accounts

(1) The Commission must—

(a) keep accounts and other records that accurately record and explain its financial transactions and its financial position; and

(b) ensure that a statement of accounts is prepared as soon as practicable after the end of each financial year.

(2) The statement of accounts must give a true and fair view of—

(a) the state of affairs of the Commission as at the end of that financial year; and

(b) the results of the operations and cash flows of the Commission in that financial year.

24. Commission to appoint auditor

(1) As soon as practicable after the commencement of this section, the Commission must appoint an auditor to audit its statement of accounts.

(2) The auditor must, as soon as practicable after the end of each financial year—

(a) audit the accounts and statement of accounts required under section 23 of this Schedule; and

(b) submit a report on the statement of accounts to the Commission.

25. Annual report

(1) As soon as practicable, and in any case within 6 months after the end of each financial year, the Commission must prepare a report dealing with its activities in the preceding financial year.

(2) The report must contain the following information in relation to the financial year—

(a) an outline of the investigations carried out by the Commission;

(b) a summary of complaints received; and

(c) an outline of all proceedings brought before the Tribunal.