(1) The Authority shall keep, in such form as may be approved by the Minister with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, all proper and usual accounts (in this section referred to as "annual accounts") of all money received or expended by it.

(2) Annual accounts shall be submitted by the Authority to the Comptroller and Auditor General for audit not later than 1 April in the year immediately following the financial year to which they relate or on such earlier date as the Minister may specify.

(3) The Authority shall, immediately after the audit referred to in subsection (2), present to the Minister a copy of -

(a) the annual accounts, and

(b) the report of the Comptroller and Auditor General on those accounts.

(4) The Minister shall cause a copy of the annual accounts and report presented to him or her under subsection (3) to be laid before each House of the Oireachtas as soon as practicable after such presentation.