(3) Foreign borrowing by the governments of the states shall be in a manner that does not undermine national macro-economic policies and shall be consistent with the objective of maintaining external financial viability. All foreign borrowing transactions of National and state governments shall conform to the specifications of the Bank of South Sudan. (4) The National and state governments shall report financial and fiscal data relating to such loans to the Bank of South Sudan for statistical purposes. CHAPTER VII ACCOUNTING STANDARDS Accounting Procedures, Standards and Fiscal Accountability 183. (1) All levels of government shall comply with the established and generally accepted accounting procedures, standards and fiscal accountability to ensure that public funds are allocated and expended according to the budget of the respective level of government. (2) All levels of government shall hold all income and revenue received in public accounts and subject to public scrutiny and accountability. (3) The accounting procedures, standards and fiscal accountability shall be regulated by law. National Audit Chamber 184. (1) There shall be established an independent institution to be known as the National Audit Chamber, consisting of persons of proven professional competence, experience, integrity and impartiality. (2) The National Audit Chamber shall set auditing standards for the whole country and supervise the financial performance of all levels of government, including revenue collection and expenditure, in accordance with the budgets approved by their respective legislatures. (3) The President, with the approval of a two-thirds majority of all members of the National Legislative Assembly, shall appoint from qualified professionals the National Auditor General who shall be the head of the National Audit Chamber. (4) To assume office, the National Auditor General shall, before the President, take the same oath of a Presidential Advisor as prescribed in Article 108 (2) of this Constitution. (5) The office of the National Auditor General shall fall vacant under the following circumstances: (a) removal from office by the President on the following grounds: 70