Section 8, 1, This Act may be cited as the Audit Act, 1962.

(1) Within six months after the close of each financial Annualyear, or such longer time as the House of Representatives may statementsby resolution direct, the Accountant-General shall sign and of AcCount. transmit to the Director of Audit, copies of the following annual statements (i) a general balance sheet, showing the balances of the various Funds held by Government and the Assets relating thereto, to which shall be appended a list A 28 No. 7 Repeal of Cap. 57. Audit 1962, of any assets or liabilities, contingent or actual, not reflcctcd in the balance sheet, and a detailed stato ment of the Public Dcbt and relevant Sinking Funde of Sierra Leone ; (ü) a balance slhect of the Consolidated Revenue Fund showing the opening balance of that Fund, the total withdrawals from and receipts into that Fund durino the financial year, and the balance at the end of the period, supported by detailed statements of Expendi. ture and Revenue; (ii) a balance sheet of the Development Fund showing the opening balance of that Fund, the total withdrawals from and reccipts into that Fund during the financial year and the balance at the end of the period, sUn ported by detailcd statements of Expenditure and Revcnue; (iv) a balance shcet of the Trcasury Clearance Fund of Deposits,statements supported by detailed Advances and Suspense Accounts ; (v) a balance sheet of the Personal Advances Fund showing the opening balance of that Fund, the total withdrawals from and receipts into that Fund during the financial year and the balance at the end of the (vi) a balance sheet of the Local Government Loans Fund and the Miscellaneous Loans Fund supported by detailed statements, of unredeemed loans made from those Funds; (vii) a balance sheet of the LOcal Investment Fund sup ported by a detailed statement of the investments of that Fund at the date of account; (viii) a statement of Special Funds showing the balances in those Funds at the date of account, the investments held on their behalf, and the amount of cash due to, or from, the Consolidated Revenue Fund of any over or under invested portion of such Funds; (ix) a detailed statement of loan expenditure from Loan Funds appropriated by law to specific purposes for so long as the loan remains unredeemed: (x) such other statements as the Minister responsible for Finance shall require, and the Director of Audit shall submit his reports thereon to the Minister of Finance as prescribed in subsection (3) of section 92 of the Constitution within a period of seven months after the close of the financial year to which the reports relate, or such longer period as the House of Representatives may by Resolution direct. (2) The Director of Audit may at any time, if it appears to him desirable, submit a special report in like manner on any matter incidental to the performançe of his duties.