(1) Invest Saint Lucia shall keep accounts of its transactions to the satisfaction of the Minister and such accounts shall be audited annually by an auditor appointed by the Board.
(2) An auditor appointed under subsection (1) shall be a chartered or certified accountant.
(3) The members of the Board, officers and servants of Invest Saint Lucia shall grant to the auditor appointed under subsection (1) access to all books, documents, cash and securities of Invest Saint Lucia and shall give to him or her, on request, all such information as may be within their knowledge in relation to the operation of Invest Saint Lucia.
(4) As soon as the accounts have been finally audited the secretary of Invest Saint Lucia shall submit to the Minister a copy of the audited accounts together with a copy of any report on the accounts by the auditor.
(5) Invest Saint Lucia may, with the prior approval of the Minister, write off bad debts.