No. 12 Media Services (b) Accounts and audit Cap 418 Annual report Cap.418 2016 adjust expenditure limits to take account of circumstances not reasonably foreseeable at the time the budget was prepared, subject to submitting a supplementary budget to the Minister within two months of the alteration of expenditure limits becoming necessary. 47.-(1) The Board shall cause to be kept proper books of accounts and records in respect to(a) receipt and expenditure of money and other financial transactions of the Board; and (b) assets and liabilities of the Board, and shall cause to be made out for every financial year financial statements showing the details of the income and expenditure of the Board. (2) Accounts including the financial statements of the Board in respect of that financial year shall be audited within three months of every financial year in accordance with the Public Audit Act. (3) Every audited account shall be placed before a meeting of the Board which, if adopted, be endorsed that it has been so adopted. (4) As soon as the accounts of the Board have been audited, and in any case not later than three months after the close of the financial year, the Board shall submit to the Minister a copy of the audited statement of accounts, together with a copy of the report made by the auditors on the statement of accounts. 48. The Board shall, within three months after the close of the financial year, cause to be prepared and submitted to the Minister a general report of the activities and operations of the Board during that financial year and accompanied by(a) a copy of the audited accounts of the Board in accordance with the Public Audit Act; 33