Section 39Sec./Art. 39

Auditor.

(a) The Chairman of the Commission on Audit shall be the ex-officio auditor of the System. For this purpose, he may appoint a representative who shall be the auditor of the System, and the necessary personnel to assist said representative in the performance of his duties. The number of salaries of the auditor and said personnel shall be determined by the Chairman of the Commission on Audit, subject to appropriation by the Board; in case of disagreement, the matter shall be submitted to the president of the Philippines whose decision shall be final. Said salaries and all other expenses of maintaining the auditor's office shall be paid by the System.

(b) The Chairman of the Commission on Audit of his authorized representative, shall submit to the Board soon after the close of each calendar year, an audited statement showing the financial condition and progress of the System for the calendar year just ended.