Section 18
Financial year and audited accounts
of Incorporation (State Legislatures Competency) Act 1962
The corporation shall have a financial year beginning on 1st January.
(2)
The accounts of the corporation shall be audited annually by the Auditor
General or other auditor appointed by the corporation with the approval of the
Minister of Finance.
ACT 380 14
(3)
The corporation shall within 6 months after the end of each financial year have its accounts audited and transmitted to the Minister together with a copy of any observations made by the Auditor General or the auditor appointed under subparagraph (2) on any statement or on the accounts of the corporation and a copy of the annual report referred to in paragraph 19.
(3A)
The Minister shall cause a copy of every such statement together with copy of any observations made by the Auditor General or the auditor appointed under subparagraph (2) on any statement or on the accounts of the corporation and a copy of the annual report referred to in subparagraph (3) and paragraph 19 to be laid before the Cabinet and the National Finance Council.
(4)
The Menteri Besar or Chief Minister shall cause a copy of every such statement together with a copy of any observations made by the Auditor General or the auditor appointed under subparagraph (2) on any statement or on the accounts of the corporation and a copy of the annual report referred to in subparagraph (3) and paragraph 19 to be laid on the table of the next meeting of the Legislature of the State.