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bruneilawsby aturio
In force2023 Revised Edition
Contents

Part · Financial Provisions

24. Audit

(1)

The accounts and financial statements of the Institute shall be audited annually by —

(a)

the Auditor General; or

(b)

any person who has been authorised to perform the duties required by the Companies Act (Chapter 39) to be performed by an auditor, who shall be appointed annually by the Board:

Provided that where the accounts of the Institute have been audited by a person appointed under sub-paragraph (b), they may be verified by the

Auditor General before they are presented to the Minister of Finance and

Economy pursuant to section 26(1).

(2)

The auditor shall in his report state —

(a)

whether the financial statements show fairly the financial transactions and the state of affairs of the Institute;

(b)

whether proper accounting and other records have been kept, including records of all assets of the Institute whether purchased, donated or otherwise;

Institute of Brunei Technical Education

(c)

whether receipts, expenditure and investment of moneys and the acquisition and disposal of assets by the Institute during the financial year were in accordance with the provisions of this Act; and

(d)

such other matter arising from the audit as he considers necessary.

Report

Read on from s 25

Part

General

Read on from Part

Schedules