Section 34, The Universities Act, 2005

(1) Each University shall keep proper books of accountsand proper records in relation thereto and the books of accounts and records shall be in such form as the Auditor-General may approve. (2) The books of accounts and the related records of the University shall be audited each year by the Auditor-General or an auditor appointed by him and the report of the audit shall, pursuant to section 119 of the Constitution of Sierra Leone, be submitted to Parliament. (3) A copy of the audited accounts of the University forming part of an annual report shall be submitted to the Tertiary Education Commission by the Vice-Chancellor and Principal for its information. PART VI–GENERAL