Section 7: Annual accounts and audit.

(1) The Council shall keep proper accounts and records on behalf of the Institute in respect of each year, and the Council shall cause the accounts to be audited by an external auditor appointed from the list of auditors and in accordance with the guidelines supplied by the Auditor-General of the Federation and the audited accounts submitted to the members at the general meeting of the Institute.
(2) The Auditor appointed for the purpose of subsection (1) shall not be a member of the Council.