Yayasan Guru Tun Hussein Onn Act 2014 · s 33

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s 33Accounts and reports

(1)

The Yayasan shall cause proper accounts of the Fund and proper reports of its activities to be kept and shall, as soon as practicable after the end of each financial year, cause to be prepared for that financial year—

(a)

a statement of accounts of the Yayasan which shall include a balance sheet and an account of income and expenditure; and

(b)

a statement of its activities.

(2)

The Yayasan shall cause the statement of accounts to be audited by any independent auditor appointed by the Yayasan.

(3)

The Yayasan shall as soon as possible send a copy of the statement of accounts certified by the auditors and a copy of the auditors’ report to the Minister who shall cause such statement and report to be laid before both Houses of Parliament.

(4)

The Statutory Bodies (Account and Annual Reports) Act 1980 [Act 240] shall apply to the Yayasan.