Payment of cost of audit

Finance202627 sections

Statutory text

(1) The cost of audit of accounts and transactions as specified by the Government shall be paid by the authority concerned.
(2) The Government may, by general or special order, exempt, either wholly or in part, any authority from the liability to pay the cost of audit under sub-section (1).
(3) If the cost of audit due under sub-section (1) is not paid within one year from the date of it becoming due, the Government may on the recommendation of the Director adjust the same against the grant or other sums, if any, payable to such authority:

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