The Attorney - General shall cause the financial statements prepared in accordance with section 215 to be submitted to the Auditor - General, who shall report to the Attorney - General:
(a) whether the statements are based on proper accounts and records;
(b) whether the statements are in agreement with the accounts and records;
(c) whether, in his opinion, the receipt, expenditure and investment of moneys, and the acquisition and disposal of assets, by the Institute during the relevant period were in accordance with the repealed Act; and
(d) as to such matters arising out of the statements as the Auditor - General considers should be reported to the Attorney - General.