Accounts and audit

General199520 sections5 chapters

Chapter IV FINANCE, ACCOUNTS AND AUDIT

Statutory text

(1) Accounts of the income and expenditure of the Commission shall be kept in such form as may be prescribed.
(2) The Commission shall prepare an annual statement of accounts in such form as may be prescribed.
(3) The Accounts of the Commission shall be audited annually by such auditor as the Government may appoint in this behalf.
(4) The auditor shall for the purposes of the audit, have access to all the accounts and other records of the Commission.
(5) The Commission shall pay out of the grants such charges for the audit, as may be prescribed.
(6) As soon as may be, after the receipt of the report of the auditor, the Commission shall send a copy of the annual statement of accounts together with a copy of the report of the auditor to the Government and shall cause to be published the annual statement of account in such manner as may be prescribed.
(7) The Government may, after perusal of the report of the auditor give such directions, as it thinks fit, to the Commission and the Commission shall comply with such directions.

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