Audit and accounts
27 Audit and accounts
A statutory corporation must, unless exempted by the Minister after consultation with the Treasurer, establish and maintain effective internal auditing of its operations.
A statutory corporation must keep proper accounting records in relation to its financial affairs, and must have annual statements of accounts prepared in respect of each financial year.
The accounting records and statements of accounts must comply with any applicable instructions of the Treasurer under section 41 of the
Public Finance and Audit
Act 1987.
The Auditor-General may at any time audit the accounts of a statutory corporation and must audit the annual statement of accounts.
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