Section 34: Accounts and audit

34. Accounts and audit (1) The Commission shall, not later than 3 months before the end of each financial year, make and submit to the Minister for approval, estimates of the income and expenditure of the Commission for the ensuing year. (2) In signifying his approval, the Minister may make comments of a general policy nature regarding the estimate. (3) The Commission shall, within 3 months of the end of the preceding financial year, submit to the Director of Audit for auditing, its statements of accounts for that year. (4) The audited accounts of the Commission, together with the report of the Director of Audit, shall be submitted to the Minister not later than 9 months after the end of the financial year. (5) Upon receipt of the audited accounts and the report referred to in subsection (4), the Minister shall, as soon as practicable, lay a copy of the accounts and the report before the National Assembly. (6) For the purposes of this section, the period extending from the commencement of this Act to 30 June next following shall be deemed to be the first financial year of the Commission. (7) Subsection (1) shall not apply to the first financial year of the Commission.