As accounting officer of the Board, the Manager must-
(a) |
keep full and proper records of- |
(i) |
all income and expenditure of the Board; and |
(ii) |
all assets, liabilities and financial transactions of the Board; |
(b) |
ensure that the Board's available resources are properly safeguarded and used in the most efficient and effective way; |
(c) |
ensure that all statutory measures applicable to the Board are complied with; and |
(d) |
prepare annual financial statements in accordance with generally accepted accounting practice within three months after the end of each financial year. |