67. (1) The MARA shall keep in such form as may be approved by the Minister all proper and usual accounts of money received or expended by it and of all financial transactions undertaken in the performance of its functions.

(2) The Board (M) shall, in respect of each financial year, cause to be prepared proper accounts of all income and expenditure and property, credits and liabilities of the MARA.

(3) The financial year of the MARA shall be the period of 12 months ending on the 31st day of December in any year, commencing on the establishment day except that, if the establishment day is a day other than 1 January, the first financial year of the MARA shall be the period commencing on the establishment day and ending on and including the next 31st day of December.

(4) The statement of accounts of the MARA for each financial year shall, as soon as may be after the end of the financial year, be prepared and the accounts of the MARA shall be submitted to the Comptroller and Auditor General for audit, as soon as is practicable, and not later than three months after the end of the financial year to which the accounts relate.

(5) Within one month of the Comptroller and Auditor General issuing an audit certificate for the accounts of the MARA, a copy of—

(a) the accounts, and

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

shall be presented to the Minister who, within two months after their receipt, shall cause copies thereof to be laid before each House of the Oireachtas.