Section 25, The Sierra Leone Maritime Administration Act, 2000

(1) The Administration shall keep proper books of account and other records in relation to the business or activities of the Administration in a form approved by the Auditor-General and shall prepare in respect of each financial year of the Administration a statement of accounts designed to— (a) indicate monthly expenditures; (b) provide data for up-to-date budget control based on the management information system of the Administration; and (c) ensure correct use of the funds of the Administration. (2) The accounts of the Administration kept under subsection (l) shall be audited by the Auditor-General or by an auditor appointed by him. (3) The statement of accounts and the audit report thereon shall be submitted to the Board for approval and a copy shall be submitted to the Minister as part of the annual report required to be laid by the Minister before Parliament under subsection (3) of section 26. [Margin: Financial year of Administration.]