s 16 Yearly statement of accounts
(1) The financial authority shall, for the purposes of section 9 of the Audit Act 1957 [Act 62], as soon as practicable after the end of every financial year prepare in respect of that year— (a) a full and particular statement of the Consolidated Revenue Account showing under the purposes and subdivisions of the estimates laid before the Legislature in respect of that year the amounts estimated to be received and spent in that year and the amounts actually received and spent together with amounts actually received and spent under any purposes and subdivisions not included in the estimates so laid; (b) a full and particular statement of the Consolidated Loan Account showing receipts and expenditure of loan moneys; (c) a statement of receipts and expenditure of moneys accounted in the Consolidated Trust Account; (d) a statement of the accounts of any fund created by the Federal Constitution or by or under section 10 and not accounted in the Consolidated Trust Account; (e) so far as is practicable, a statement of the assets and liabilities of the Federation or the State at the end of the financial year, the manner in which the assets are invested or held, and the general purposes in respect of which the liabilities are outstanding; and (f) such other statements as the financial authority may think fit. (2) As soon as possible after the Auditor General has caused the statements referred to in subsection (1) to be examined and audited they shall be laid before the Legislature.