Section 41, The National Investment Board Act, 2022

(1) The Board shall keep proper books of account andother records in relation to the activities , property and finances of the Board in a form approved by the Auditor-General and shall prepare in respect of each financial year of the Board a financial statement which shall include - (a) balance sheet accounts; (b) income and expenditure accounts; (c) source and application of funds; and (d) financial estimates, particularly of the amount of revenue to be collected in the ensuing year (2) The accounts of the Board kept under subsection (1) shall be audited by the Auditor General or any auditor appointed by him . (3) For the purposes of subsection (2) the Auditor- General or the auditor appointed by him shall be entitled to have access to all books of account, vouchers and other financial records of the Board and to require any information and explanation as he may think fit. (4) The Board shall provide the Auditor-General or the auditor appointed by him with all necessary and appropriate facilities for the examination of the accounts and records of the Board. (5) The Auditor -General or the auditor appointed by him shall submit to the Board a report on the audited accounts and the financial statement referred to in subsection (1) and shall in his report draw attention to - (a) irregularities in the accounts; (b) matters that are likely to adversely affect the operations of the Board; and (c) other matters which in his opinion ought to be brought to the notice of the Board. 42 . The financial year of the Board shall be the same as the financial year of the Government.