No. 7/2016 48 SPECIAL EcoNoMIC ZoNEs Cap.14:34 Accounts and audit ( 1) TI1e Authority shall keep proper books of account and other records relating thereto in respect of all its activities and property, including such particular accounts and records as the Minister may direct. (2) The Authority shall prepare and submit to the Minister a statement of accounts in respect of each financial year or such other period as the Minister may direct. (3) The accounts of the Authority shall be examined and audited by the AuditorGeneral or such other person who is registered as a public auditor in terms of the Public Accountants and Auditors Act [Chapter 27: 12] and who is appointed by the AuditorGeneral after consultation with the Minister and the Authority. (4) lbe auditor shall exan1ine the accounts of the Authority and make a report to the Board and the Minister on the statement of accounts prepared in terms of subsection (2), and such report shall state whether or not in his or her opinion the statement of accounts gives a true and fair view of the state of the financial affairs of the Authority. (5) In addition to the report referred to in subsection (4), the Minister may require the Board to obtain from its auditor such other report or statement in connection with the operations and property of the Authority as the Minister may consider expedient. (6) Without derogating from section 8 of the Audit Office Act [Chapter 22: 18], an auditor shall be entitled at all reasonable times to require to be produced to him or her all accounts and other records relating thereto kept by the Authority or its agents together with such information and explanations as in his or her opinion are necessary for the purposes of his or her audit. PART VIII OFFENCES AND PENALTIR'> 49 False statements (1) Any person who, when submitting an application for an investment licence, or a return referred to in section 52, makes any statement knowing it to be false in a material particular or not reasonably believing it to be true, shall be guilty of an offence and liable to a fine not exceeding three times the amount of level fourteen or to imprisonment for a period not exceeding one year or to both such fine and such imprisonment. (2) Where the offence referred to in subsection (1) is committed by a company or other corporate body every director or member of the governing body of the company or corporate body shall be liable to a fme not exceeding three times the amount of level fourteen or imprisonment for a period of one year or both such fine and such imprisonment, unless any director or member concerned proves that he or she took no part in the conduct of the company or corporate body. 50 Penalty for offences not otherwise provided for (1) Any person who contravenes section 30, 31, 32(2), 37, 39, 42(1)(a) (proviso) or (l)(b), 45(5) or 52 shall be guilty of an offence and liable to a fine not exceeding three times the maximum amount of level fourteen, or to imprisonment for a period not exceeding one year, or to both such fine and such imprisonment. 204