Section 7: Accounts, etc.

(1) The Council shall keep proper accounts on behalf of the Institute in respect of each financial year and proper records in relation to those accounts ; and the Council shall cause the accounts to be audited by an auditor and, when audited, the accounts shall be submitted to the members of the Institute for approval at a meeting of the Institute.
(2) An auditor appointed for the purposes of this section shall be from the list and in accordance with the guidelines supplied by the Auditor-General of the Federation.