Section 15, The National Council for Technical, Vocational and Other Awards Act, 2001

(1) The Council shall keep proper books of accounts and proper records in relation to the accounts and shall prepare within a period of three months after the end of each financial year, a statement of its accounts in such form as the Auditor-General may direct. (2) The books and accounts of the Council shall each year be audited by the Auditor-General or an auditor appointed by him and a report on the audit shall be submitted to the Council. [Margin: Annual report.]