Insurance Act

4B. Accounts and audit

Edition: 2023-12-11 · In force

4B. Accounts and audit

(1)The Authority shall cause to be kept all proper books and records of account of the income, expenditure and assets of the Authority.

(2)Within a period of four months after the end of each financial year, the Board shall submit to the Auditor-General or an auditor appointed by the Board under the Authority of the Auditor-General, the accounts of the Authority together with—

(a)a statement of income and expenditure during that year; and

(b)a statement of the assets and liabilities of the Authority of the last day of that year.

(3)The accounts of the Authority shall be audited and reported upon in accordance with the Public Audit Act (Cap. 412B).[Act No. 11 of 2006.]

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Source: Kenya Law