(1) The Authority shall—
(a) in respect of its functions, keep proper accounts and adequate financial records to the satisfaction of, or in accordance with the direction of the Director of Audit or an auditor appointed under subsection (2) for the purpose of auditing the accounts; and
(b) prepare a statement of accounts in respect of each financial year.
(2) The Authority shall within 3 months of the end of each financial year, submit its accounts for audit to the Director of Audit or to an auditor the Minister may appoint.
(3) The General Manager or a person concerned with the keeping of its accounts shall—
(a) grant to the person auditing the accounts under subsection (2), access to all books, documents or cash relating to those accounts; and
(b) provide at the request of the auditor, all information within his or her knowledge in relation to the operation of the Authority.