(1) The Comptroller and Auditor General may, in relation to the Bank or any subsidiary of the Bank, carry out such examinations as he or she considers appropriate for the purposes of ascertaining -

(a) whether and to what extent the resources of the Bank or any subsidiary of the Bank -

(i) have been used, and

(ii) if acquired or disposed of by the Bank or any subsidiary of the Bank, have been so acquired or disposed of, economically and efficiently,

and

(b) whether any such disposal has been effected upon the most favourable terms available.

(2) Without prejudice to the generality of subsection (1), the systems, procedures and practices employed by the Bank or any subsidiary of the Bank to evaluate the effectiveness of its operations may be examined by the Comptroller and Auditor General.