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 approval by them at the AGM of the Institute.
(3) The auditor appointed for the purpose of this section shall not be a member of the Council.