→ (1) The Insurer shall have the accounts and records of its Insurance Business audited by an auditor recognized in accordance with the prevailing law
and submit a report thereof to the Board no later than ten months from the date expiration of each fiscal year.
(2) Comments (inconsistencies and irregularity) made while performing the audit and the clarification of the management relating to it also
shall be mentioned in the report pursuant to Sub-section (1).