Section 11: Accounts and audit.

(1) The Council shall keep proper accounts on behalf of the Institute in respect of each financial year and proper records in relation to these accounts.
(2) The Council shall cause its accounts to be audited by an auditor appointed from the list and in accordance with guidelines supplied by the Auditor-General for the Federation.
(3) An auditor appointed for the purpose of this section shall not be a member of the Council.