Section 7: Accounts, etc.

The Council shall keep proper accounts on behalf of the Institute in respect of each year and proper records in relation to those accounts and the Council shall cause the accounts to be audited within six months after the end of the year to which the accounts relate by auditors appointed from the list and in accordance with the guidelines supplied by the Auditor-General for the Federation; and the accounts shall be submitted to the members of the Institute, for approval by them at the Annual General meeting of the Institute.