Section 16

The Lembaga shall keep proper accounts and other records in respect of its operation and shall prepare statements of accounts in respect of each financial year.

The accounts of the Lembaga shall be audited annually by the Auditor General or other auditors appointed by the Lembaga with the approval of the Minister.

After the end of each financial year, and as soon as the accounts of the Lembaga have been audited, the Lembaga shall cause a copy of the statement of accounts in such manner as the Minister may require to be transmitted to the Minister, together with a copy of any observations made by the Auditor General or other auditors appointed under subsection (2) on any statement or on the accounts of the Lembaga.

The Minister shall cause a copy of every such statement and observations to be laid on the table of each House of Parliament.