(a) The institute shall annually commission a certified public accounting firm to perform an independent financial audit of its activities. The institute shall provide the audit to the comptroller.
(b) The comptroller shall:
(1) review and evaluate the audit and annually issue a public report of that review; and
(2) make recommendations concerning the institute's financial practices and performance.
(c) The oversight committee shall review the annual financial audit, the comptroller's public report and recommendations, and the financial practices of the institute.