ADVOKS GLOBAL · KENYA
The Africa International University Charter
34. Accounts and Audit
Edition: 2022-12-31 · In force
34. Accounts and Audit
(1)The Council shall cause to be kept proper books and records of accounts of the income, expenditure, assets and liabilities of the University.(2)Within a period of three months from the end of each fiscal year, the Management Board, on behalf of Council, shall submit to the auditor the accounts of the University together with—(a)a statement of income and expenditure during the year;(b)a statement of the assets and liabilities of the University on the last day of such year; and(c)all other relevant documents and information pertaining to the financial affairs of the University.(3)The accounts of the University shall be audited annually by an auditor appointed by the Council on such terms and conditions as the Council may determine.(4)Within a period of six months after the end of the fiscal year, the auditor shall report on the examination and audit of the accounts of the University to the Council.