(a) The Post Auditor shall audit the financial affairs and transactions of every department or agency of the executive, legislative and judicial branches of government at least once each year and more often if so directed by the Legislative Standing Committee on Finance. Such annual audit shall be conducted according to accepted auditing principles. The Post Auditor shall make a full, complete and written report of each annual audit and of such other audits as may be directed by the Legislative Standing Committee on Finance. Books and accounts of the Department of Finance and the Director of the Office of Management and Budget may be examined monthly if such Committee so determines, and such examination may include detailed checking of every transaction or test checking.
(b) The Post Auditor, under supervision of the Legislative Standing Committee on Finance, shall determine whether all requirements of law with respect to the installation and use of accounting systems, books, records, forms, rules and regulations are being complied with by each governmental department or agency.
(c) A copy of the annual report of each governmental department or agency shall be furnished by the Post Auditor to the Legislative Standing Committee on Finance. All written reports of the Post Auditor shall be furnished only in accordance with the directions of the Legislative Standing Committee on Finance.
(d) The Post Auditor shall report immediately in writing to the Legislative Standing Committee on Finance, Governor and Attorney General any apparent violation of penal statutes or any instances of misfeasance, malfeasance or nonfeasance by a governmental officer or employee disclosed by the audit of any governmental department or agency. The Post Auditor shall furnish the Attorney General all information in his possession relative to any report referred to the Attorney General. The Attorney General shall institute and prosecute civil proceedings against any such delinquent officer or employee or upon his official bond, or both, as may be needed to recover for the Territory any funds or other assets misappropriated.
(e) The Post Auditor, in the discharge of his duties under this chapter, may require government departments and agencies to preserve and make available their accounts, records, documents, vouchers, requisitions, payrolls, cancelled checks or vouchers and coupons, and other evidence of financial transactions.
(f) All departments, agencies and establishments of the Government of the United States Virgin Islands shall provide such information as shall be required pursuant to subsection (e) of this section immediately on the demand of the Post Auditor, or any of his assistants or employees when duly authorized by him, or within a reasonable time after the demand as determined by the Post Auditor. Notwithstanding any other provision of law, any person who willfully fails to comply with the provisions of this subsection shall be fined not to exceed $500.