Annual accounts and audit

(1) The annual report and accounts of the Council shall be approved by it and shall be got audited before the expiry of September of the following year: Provided that the receipt of fees levied and collected and accounts of expenditure shall be duly certified by the Council in the annual report. (2) The audit shall be done by a Chartered Accountant appointed by the Council from the panel approved by the Comptroller and Auditor General and the Council shall bear the cost of such audit. (3) The accounts of the Council as certified by the auditor together with the audit report thereon shall be sent to the Government annually. (4) The Government shall cause the accounts of the Council together with the audit report thereon to be laid before the Legislative Assembly annually.