15 PART VII FINANCIAL PROVISIONS 46 Funds of Authority The funds of the Authority shall consist of— (a) rents, fees, charges and other income accruing to the Authority from licences and permits issued, services rendered and activities carried on by the Authority within any export processing zone; and (b) such moneys as may be payable to the Authority from moneys appropriated for the purpose by Parliament; and (c) such other moneys as may vest in or accrue to the Authority, whether in the course of its operations or otherwise. 47 Investment of moneys not immediately required by Authority Moneys not immediately required by the Authority may be invested in such manner as the Minister and the Minister responsible for finance may approve. 48 Accounts and audit (1) The 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 Comptroller and Auditor-General 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 Comptroller and Auditor-General after consultation with the Minister and the Authority. (4) The auditor shall examine 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 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 derogation from subsection (6) of section 9 of the Audit and Exchequer Act [Chapter 22:03], an auditor shall be entitled at all reasonable times to require to be produced to him all accounts and other records relating thereto kept by the Authority or its agents together with such information and explanations as in his opinion are necessary for the purposes of his audit. PART VIII OFFENCES AND PENALTIES 49 False statements Any person who, when submitting an application for an investment licence or a return referred to in section fifty-two, 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 level nine or to imprisonment for a period not exceeding six months or to both such fine and such imprisonment. [amended by Act 22 of 2001