(1) The Director of Audit shall submit a report at least once a year to the Minister for transmission to the House of Assembly—
(a) on the work of his or her office; and
(b) on whether, in carrying on the work of his or her office in the discharge of his or her duties, he or she received all the information, reports and explanations he or she required.
(2) Each report of the Director of Audit under subsection (1) shall call attention to anything that he or she considers to be of significance and of a nature that should be brought to the attention of the House of Assembly, including any cases in which he or she has observed that—
(a) accounts have not been faithfully and properly maintained or public monies have not been fully accounted for or paid, where so required by law, into the Consolidated Fund;
(b) essential records have not been maintained or the rules and procedures applied have been insufficient to safeguard and control public property to secure an effective check on the assessment, collection and proper allocation of the revenue and to ensure that expenditure have been made only as authorised;
(c) money has been expended without due regard to economy (the acquisition, at the lowest cost and at the appropriate time, of human and material resources in appropriate quantity and quality) or efficiency (the conversion, in the best ratio, of resources into goods and services); or
(d) satisfactory procedures have not been established to measure and report on the effectiveness of programmes (the achievement, to the best degree, of the objectives or other intended effects of a programme, an organisation or any activity), where such procedures could appropriately and reasonably be implemented.