Accounts and Audit

Accounts and Audit.-(1) The Board shall cause proper accounts and other records in relatim thereto to be kept, including a proper system of internal check and prepare an annual statement of &mounts, including the profit and loss account and the balance sheet in such forc ais may be prescribed by the Government.

1. (2) The aecovnts of the Board shall be audited by such person or authority as the Government may specify in this behalf and anv expenditure incurred by him or it in connection with such audit shall be payable by the Board.
2. (3) The person or the authority specified by the Government under sub-section (2) in connection with the audit of the accounts of the Board shall have the same rights, privileges and authority in connection with such audit as the Auditor of the Government has in relation to the Government accounts and in particular shall have the right to demand the production of bwks, accounts, connected vouchers and other documents and papers, and to inspect any of the offices of the Board.
3. (4) The accounts of the Board as certified by the person ar authority specified under sltb-section (2) together with the audit report thereon shall be forwarded annually to the Government and the Government may issue such instructions to the Board in respect thereof as it deems fit and the Board shall oomply with such instructions.
4. (5) The Government shall-
   • (a) came the accounts of the Board together with the audit report thereon forwarded to it under sub-section (4) to be laid mually before both the Houses of Legislature ; and
   • (b) cause the'accounts of the Board to be published in the prescribed manner and make available copies thereof on sale at a reasonable price.