Section 12: Accounts.

(1) The Council shall keep proper records of accounts on behalf of the Institute in respect of each financial year and proper records in relation to those accounts and shall cause its accounts to be audited within six months after the end of each year by auditors and in accordance with the guidelines supplied by the Auditor-General for the Federation.
(2) The accounts shall be submitted to the members of the Institute for approval by them at the next Annual General Meeting.