ADVOKS GLOBAL · KENYA
Kenya Agricultural and Livestock Research Act
42. Accounts and audit
Edition: 2022-12-31 · In force
42. Accounts and audit
(1)The Board shall cause to be kept such books of accounts and other books in relation thereto of all its undertakings, funds, activities and property as the Cabinet Secretary may from time to time approve and shall, within a period of four months after the end of the financial year, or within such a longer period as the Cabinet Secretary may approve, cause to be prepared, signed and forwarded to the Auditor-General—(a)a balance sheet showing in detail the assets and liabilities of the Organisation; and(b)such other statements of accounts as the Cabinet Secretary may approve.(2)The accounts of the Organisation shall be examined, audited and reported upon annually by the Auditor-General in accordance with the Public Audit Act (Cap. 412B).(3)The Board shall produce and lay before the Auditor-General all books and accounts of the Organisation, together with all vouchers in support thereof, and all books, papers and writings in its possession or control relating thereto, and the Auditor-General shall be entitled to require from any member, officer, employee or agent of the Organisation such information and explanation as he may consider necessary for the performance of his duties as Auditor-General.(4)The expenses incurred in and incidental to the auditing of the accounts of the Organisation shall be met by the Organisation.