(1) The trustee shall maintain
accounts in a manner to reflect clearly and actually the accounts of
the trust property, and provide statements thereof available to the
registrar, and trust founder or beneficiary, identified, if any, intends
to inspect the same.
(2) In the case of a public trust, the trustee shall have its
accounts audited by a recognized auditor each year and submit a
copy of the audit report to the registrar.