Section 11
Account and audit
of Sarawak Research and Development Council Ordinance, 2017
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The Council shall keep or cause to be kept proper accounts and other records in respect of all its transactions, affairs and activities including the payment into or withdrawal of monies from the fund and maintain adequate control and record of all the property, both moveable and immoveable, of the Council.
(2)
The accounts of the Council shall be audited by the
Auditor-General or such auditor appointed by the Council in consultation with the Auditor-General.
(3)
At the end of each financial year and so soon as the accounts of the Council has been audited under subsection (2), the
Council shall cause a copy of the audited accounts together with any observations or opinion of the Auditor-General or the auditor appointed under subsection (2) to be submitted to the Majlis
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Mesyuarat Kerajaan Negeri who may approve and thereafter cause the same to be laid before the Dewan Undangan Negeri.
(4)
The financial year of the Council shall commence on the 1st of January and end on the 31st of December of each year unless the Majlis Mesyuarat Kerajaan Negeri shall by direction alter the period of the financial year of the Council.