Accounts and external audit
32 Accounts and external audit
A public corporation must cause proper accounts to be kept of its financial affairs and financial statements to be prepared in respect of each financial year.
Unless exempted by the Treasurer, the corporation must include in its financial statements the financial statements of its subsidiaries on a consolidated basis.
The accounts and financial statements must comply with—
the requirements of the Treasurer contained in the corporation's charter; and
any applicable instructions of the Treasurer issued under the Public
Finance and Audit Act 1987.
The
Auditor-General may at any time, and must in respect of each financial year, audit the accounts and financial statements of the corporation.
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