Section 11: Accounts and audit.

(1) Each Commodity Board shall keep proper accounts in respect of each financial year and proper records in relation to such accounts.
(2) Unless the Minister otherwise directs, where a Board deals with more than one transaction in relation to each commodity, a separate account for all purchases and other commodity in the group of commodities for which it is responsible shall be kept.
(3) Each Board shall cause its accounts to be audited as soon as may be after the end of each financial year by auditors appointed from the list of auditors and guidelines supplied by the Auditor-General for the Federation.
(4) The financial year of each Board shall be such as may be determined by the Board concerned.