(1) The corporation must establish and maintain an accounting system satisfactory to the Minister of Finance and must, whenever required by that minister, render detailed accounts of its revenues and expenditures for the period or to the date that minister designates.
(2) The corporation must prepare financial statements in accordance with generally accepted accounting principles.
(3) All books or records of account, documents and other financial records must at all times be open for inspection by, or by a person designated by, the minister responsible for the administration of this Act.
(4) The Minister of Finance may direct the Comptroller General to report to Treasury Board on any aspect of the financial administration of the corporation.
(5) Unless the Auditor General is appointed in accordance with the Auditor General Act as the auditor of the corporation, the corporation must appoint an auditor to audit the accounts of the corporation at least once each year.
(6) The fiscal year of the corporation begins on April 1 in each year and ends on March 31 in the following year.
(7) The Minister of Finance is the fiscal agent of the corporation.