Accounts and audit

Accounts and audit.—

1. (1) The Board shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including the profit and loss accounts and balance sheet in such form as may be prescribed by the Government in consultation with the Accountant General, Arunachal Pradesh.
2. (2) The accounts of the Board shall be audited annually by the Accountant General, Arunachal Pradesh or by such other auditors as may be appointed by the Government in consultation with him.
3. (3) The auditor or auditors appointed under sub-section
4. (2) shall have the same rights and privileges and authority in connection with such audit as the Accountant General 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 Board.
5. (4) The accounts of the Board as certified by the Accountant General or any other person appointed in his behalf together with the audit report thereon shall be forwarded annually to the Government, and the Government shall cause the same to be laid before the Legislative Assembly.