Annual Accounts and Audit

Annual Accounts and Audit

1. (1) The annual accounts including the balance sheet of the University shall be prepared under the directions of the Board of Management and the annual accounts shall be audited at least once in every year by the auditors appointed by the University for this purpose.
2. (2) A copy of the annual accounts together with the audit report shall be submitted to the Sponsoring Body.
3. (3) The Sponsoring Body shall submit a copy of the annual accounts and the audit report to the Government which shall cause the same to be laid before the State Legislature.