Section 4: Appointment of independent auditors and publication of report.

(1) The NEITI shall in each financial year appoint independent auditors for the purpose of auditing the total revenue which accrued to the Federal Government for that year from extractive industry companies, in order to determine the accuracy of payments and receipts.
(2) The independent auditors appointed under subsection (1) of this section shall undertake a physical, process and financial audit on such terms and conditions as may be approved by the National Stakeholders Working Group (NSWG).
(3) Upon the completion of an audit, the independent auditors shall submit the reports together with comments of the Extractive Industries Company to the NEITI, which shall cause same to be disseminated to the National Assembly and the Auditor-General of the Federation and also ensure their publication.
(4) The NEITI shall submit a bi-annual report of its activities to the President and National Assembly.
(5) An auditor or auditing firm that has audited any extractive industry company in any given year shall not be appointed in the same year for the purposes of subsection (2) of this section.
(6) An auditor or auditing firm shall not be engaged for more than two years consecutively for the purposes of subsection (2) of this section.
(7) The Auditor-General of the Federation shall not later than 3 months after the submission of the audit report to the National Assembly, publish any comment made or action taken by the Government on the audit reports.