Section 35: Internal Control System to be Maintained

1) The Fund should maintain an internal control system as prescribed by making appropriate arrangements regarding its organisational structure, human resource management, fiscal transparency and information system.

2) In order to carry out an internal audit of the Fund for the purpose of sub-Section (1), an auditor with membership of chartered accountancy from an established institution as per prevailing law shall be appointed.

3) While appointing an auditor as per sub-section (2), no person shall be appointed as an auditor for more than three consecutive times.

4) The remuneration, terms and conditions of service and other benefits of the auditor appointed as per this Section shall be as prescribed.