Accounts and Audit

(1) The Parishad shall cause proper accounts and other records in relation thereto to be kept, including the proper systems of internal check and prepare an annual statement of accounts, including the income and expenditure account and the balance sheet in such form as may be prescribed by regulations. (2) The accounts of the Parishad shall be audited by such persons as may be appointed by the Government and any expenditure incurred in connection with such audit shall be payable by the Parishad to the Government. (3) The person so appointed and any other person authorised by him in connection with the audit of the accounts of the Parishad shall have the same rights, privileges and authority in connection with such audit as the Comptroller and Auditor-General of India has in connection with the audit of Government accounts and in particular shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers, and to inspect any of the offices of the Parishad. (4) The account of the Parishad certified by the person so appointed or any other person authorised by him in this behalf together with the audit report thereon shall be forwarded annually to the Government and the Government may issue such instructions to the Parishad in respect thereof as they deem fit and the Parishad shall comply with such instructions. (5) The Government may cause the accounts of the Parishad together with the audit report, thereon forwarded to them under sub-section (4) to be laid annually before the Legislative Assembly of the State.