Accounts and audit.

(1) The Authority shall keep accounts in such form and in such manner as may be prescribed. (2) The accounts of the Authority shall be audited by the office of the Examiner, Local Fund or by any other auditor appointed by the Authority with the approval of the State Government. (3) The State Government may, if it thinks necessary, appoint a special auditor to inspect and audit the accounts of the Authority. (4) The auditor or the special auditor, as the case may be, shall submit his report to the Authority and shall forward a copy thereof to the State Government.