practicable after the end of each financial year, cause to be prepared
for that financial year a statement of the accounts of the Authority.
(2) A statement of accounts prepared pursuant to subsection (1)
shall include an income and expenditure account and a balance sheet.
13.
Audit
(1) The Authority shall, as soon as practicable after the end of
each financial year, submit the statement of the accounts prepared for
that year under section 12 to a professional accountant (to be
appointed by the Authority) for audit and such accountant shall also
prepare a report on the accounts and send the report to the Authority
which shall, as soon as practicable, send a copy of the report and a
copy of the statement of accounts (as so audited) to the Governor.
(2) A copy of the audited statement of accounts sent to the
Governor under subsection (1) together with 'a copy of the professional
accountant's report thereon shall be laid on the table of the
Legislative Council.
(3) In this section "professional accountant" (†)
has the meaning assigned to it by section 2 of the Professional
Accountants Ordinance (Cap. 50).
(4) Nothing in this section shall be construed as affecting
section 15 of the Audit Ordinance (Cap. 122).
14.
Investment of funds
Funds of the Authority which are not immediately required may be
invested by the Authority in such manner as the Authority shall
consider appropriate.