Commonwealth Consolidated Acts(1) The Auditor‑General shall inspect and audit the accounts and records of financial transactions of the Board and records relating to assets of, or in the custody of, the Board, and shall forthwith draw the attention of the Minister to any irregularity disclosed by the inspection and audit that is, in the opinion of the Auditor‑General, of sufficient importance to justify his so doing.
(2) The Auditor‑General may, at his discretion, dispense with all or any part of the detailed inspection and audit of any accounts or records referred to in the last preceding subsection.
(3) The Auditor‑General shall, at least once in each year, furnish to the Minister a report on the results of the inspection and audit carried out under subsection (1) of this section.
(4) The Auditor‑General or an officer authorized by him is entitled at all reasonable times to full and free access to all accounts, records, documents and papers of the Board relating directly or indirectly to the receipt or payment of moneys by the Board or to the acquisition, receipt, custody or disposal of assets by the Board.
(5) The Auditor‑General or an officer authorized by him may make copies of, or take extracts from, any such accounts, records, documents or papers.
(6) The Auditor‑General or an officer authorized by him may require a member or employee of the Board to furnish him with such information in the possession of the member or employee or to which the member or employee has access as the Auditor‑General or the authorized officer considers necessary for the purposes of the functions of the Auditor‑General under this Act, and the member or employee shall comply with the requirement.
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