Section 20, Cohesion Act, 2020

(1) The Commission shall keep proper books of accountand other records in relation to the activities, property and finances of the Commission in a form approved by the Auditor-General, and shall prepare in respect of each financial year of the Commission a financial statement which shall include - (a) balance sheet accounts; (b) statement of accounts; (c) income and expenditure accounts; and (d) source and application of funds. (2) The accounts of the Commissi on kept under subsection (1) shall, not later than 3 months after the end of each financial year, be audited by the Auditor-General or an 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 theCommission and to requiresuch information and explanation thereon as hemay think fit. (4) TheCommission shall providetheAuditor-General or the auditor appointed by him with all necessary and appropriate facilities for the examination of the accounts and records of the (5) TheAuditor-General or theauditor appointed by him shall submit to theCommission a report on theaudited accountsand thefinancial statements referred to in subsection (1) and shall, in his report draw attentionto - (a) any irregularities in the accounts; (b) any matters that are likely to adversely affect the operations of the Commission; and (c) any other matter which, in his opinion, ought to be brought to the notice of the