National Construction Authority Act

35. Accounts and audit.

Edition: 2022-12-31 · In force

35. Accounts and audit.

(1)The Board 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 three months from the end of each financial year, the Authority shall submit to the Auditor-General the accounts of the Authority together with—

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

(b)a statement of the assets and liabilities of the Authority on 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).

(4)The Authority shall ensure that in any financial year expenditure and commitments from the Account shall not exceed the annual income of the Fund together with any surplus income brought forward from a previous year.

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Source: Kenya Law