41Accounts and records for Commonwealth entities

#### 41 Accounts and records for Commonwealth entities (1) The accountable authority of a Commonwealth entity must cause accounts and records to be kept that properly record and explain the entity’s transactions and financial position. (2) The accountable authority must ensure that the accounts and records are kept in a way that: (a) complies with any requirements prescribed by the rules; and (b) enables the preparation of the annual financial statements required by sections 42 and 48; and (c) allows those financial statements to be conveniently and properly audited in accordance with this Act. > Note: The Auditor‑General audits the financial statements of Commonwealth entities (see section 43). (3) The Finance Minister and the responsible Minister are entitled to full and free access to the accounts and records kept under this section. However, those Ministers’ access is subject to any Commonwealth law that prohibits disclosure of particular information.