12.—(1) The accounts of the ComCare Fund shall be audited by the Auditor-General or such other auditor as may be appointed annually by the Minister in consultation with the Auditor-General.
(2) A person shall not be qualified for appointment as an auditor under subsection (1) unless he is a public accountant who is registered or deemed to be registered under the Accountants Act (Cap. 2).
(3) The auditor or any person authorised by him is entitled at all reasonable times to full and free access to all accounting and other records relating, directly or indirectly, to the financial transactions of the ComCare Fund and may make copies of, or extracts from, any such accounting and other records.
(4) The auditor shall in his report state —
(a)
whether the financial statements show fairly the financial transactions and the state of affairs of the ComCare Fund;
(b)
whether proper accounting and other records have been kept, including records of all assets of the ComCare Fund;
(c)
whether receipts, expenditure, and investment of moneys and the acquisition and disposal of assets on account of the ComCare Fund during the financial year were in accordance with the provisions of this Act; and
(d)
such other matters arising from the audit as he considers necessary.
(5) The auditor shall —
(a)
as soon as practicable after the accounts of the ComCare Fund have been submitted for audit, send a report of his audit to the Minister; and
(b)
submit such periodical and special reports to the Minister as may appear to him to be necessary or as the Minister may require.
(6) Where the Auditor-General is not the auditor of the ComCare Fund, a copy of the audited financial statements and any report made by the auditor shall be forwarded to the Auditor-General.