The Commission and the commodity board shall keep separately for each agreement and order in accordance with accepted standards of good accounting practice, accurate records of all assessments, collections, receipts, deposits, withdrawals, disbursements, paid outs, moneys, and other financial transactions made pursuant to such order or agreement, and such records shall be audited at least annually subject to procedures prescribed by the State Auditor. The books and accounts maintained under every such agreement and order shall be closed as of the last day of each fiscal year of the State.

A copy of every audit shall be delivered within thirty days after completion to the Governor, the Commission, the State Auditor, and the commodity board of the agreement or order concerned. The State Auditor shall make at least annually a composite financial statement showing the financial position under all such orders and agreements as of the last day of the fiscal year of the State and a copy of such composite financial statement shall be delivered within thirty days after completion thereof to the Governor, the Commission and the commodity board.