Section 9: Accounts and audit

(1) The Council shall —
(a) keep proper accounts on behalf of the Institute in respect of each year and proper records in relation to those accounts; and
(b) cause the accounts to be audited by an auditor appointed from the list and in accordance with the guidelines supplied by the Auditor-General for the Federation.
(2)
The report of the audited accounts shall be submitted to the members of the Institute for their approval at a meeting of the Institute.
(3) The auditor appointed for the purpose of this section shall not be a member of the Council.