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. |
