(1) The Commission shall, as soon as is practicable after each financial year, have its accounts in respect of the financial year audited by an independent auditor, appointed by the Commission, who shall conduct the audit in accordance with generally accepted international audit standards and principles.
(2) The staff of the Commission shall submit to the auditor appointed pursuant to subsection (1) all books, deeds, contracts, accounts, vouchers and other documents which the auditor deems necessary and the auditor may require the person holding or accountable for such documents to appear, make a signed statement or provide such information in relation to the document as the auditor deems necessary.
(3) A person who is required to appear, make a signed statement or to provide information pursuant to subsection (2) and who fails to comply, commits an offence and upon summary conviction is liable to a fine not exceeding $5000 or to a term of imprisonment not exceeding 2 months or to both, and to revocation of his or her appointment as a member of the Commission, the Secretary to the Commission, or an officer or a member of staff of the Commission.