(1) Every trustee shall at such times as may be prescribed, but not less than twice in each year during his or her term of office, send to the Registrar, or as the Court shall direct, an account of his or her receipts and payments as such trustee.
(2) The account shall be in the prescribed form, and shall be made in duplicate and shall be verified by a statutory declaration in the prescribed form.
(3) The Court shall cause the accounts so sent to be audited, and for the purposes of the audit the trustee shall furnish and produce all such books, accounts, vouchers, documents and information as may be required.
(4) One copy of the account so audited and of any report thereon shall be filed with the Court, and the other shall be kept by the trustee or such other person as the Court may direct, and each copy shall be open to the inspection of any creditor or of the bankrupt or of any person interested.