Accounts and Audit

1. (1) The Annual Statement of accounts of the University

shall be prepared by the Comptroller and audited and certified by an authority to be nominated or authorized by the Government. The Statement shall include all the money accruing to or received as sponsered or benefits by the University from whatever source

and all amount disbursed and paid by the University. Such statement shall be submitted to

the Government by the Board normally within six months after close of the financial year to which these pertain.