Section 20: Financial year and audit of commission's accounts.

(1) The financial year of the Commission shall start on 1st January of each year and end on 31st December of the same year.
(2) The Commission shall keep proper records of its accounts in respect of each year and shall cause its accounts to be audited within 6 months from the end of each financial year by auditors whose appointment shall be approved by the Board and shall be subject to reappointment on annual basis provided that such auditors are on the list of auditors approved from time to time by the Auditor-General for the Federation.