Universiti Teknologi Brunei Act (Formerly Known as Institut Teknologi Brunei Act) · s 20

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s 20Accounts and financial statements

(1)

The Council shall cause proper accounting and other records to be kept of the financial transactions of the Universiti and shall do all things necessary to ensure that all payments out of its moneys are correctly made and properly authorised and that adequate control is maintained over the assets of, or in the custody of, the Universiti and over the expenditure incurred by the Universiti.

Universiti Teknologi Brunei

CAP. 214 14

(2)

The Council shall, as soon as practicable after the close of each financial year, cause financial statements in respect of that year to be prepared and submitted to the auditor of the Universiti.