(1) A manager shall have its accounts audited annually or at such other times as the Director may require by an auditor appointed by the manager who shall conduct the audit in accordance with international standards on auditing.
(2) The manager shall forward its audited accounts to the Director within 3 months of the end of the financial year of the manager unless prior written approval for an extension has been granted by the Director.
(3) When a manager changes its auditor it shall immediately advise the Director of the change and the reason for the change and the Director shall record that change accordingly.