Section 25: Annual estimates, accounts and audit.

(1)
The Institute shall not later than 30 September of each year, submit to the Board and National Assembly for approval, its estimates of income and expenditure for the next financial year.
(2) The Institute shall-
(a) keep proper records of all accounts of its income and expenditure; and
(b) prepare statement of account in respect of each financial year.
(3) The Institute shall, not later than 30 June of each financial year, submit its accounts to auditors appointed from the list of qualified auditors in accordance with guidelines laid down by the Auditor-General for the Federation and the auditors fees and expenses shall be paid from the Fund of the Institute and the report submitted to the National Assembly for oversight purposes.