Report.
Section 29
SEC. 29. Report. — All financial transactions of the Authority shall be audited in accordance with law, administrative regulations, and the principles and procedures applicable to corporate transactions. A report of audit for each fiscal year shall be submitted to the Board by the Auditor within sixty (60) days after the close of the fiscal year, furnishing copies thereof to the President of the Philippines, the Auditor General and the Governor of Leyte. The report shall set forth the scope of the audit and shall include a statement of surplus or deficit analysis and a statement of income by sources and application of funds. It shall also include such comments and/or recommendations with respect to any impairment of Capital noted in audit showing specifically any program, undertaking expenditure or other financial transactions made and/or conducted without authority of law.