Audit of accounts

The accounts of the Authority shall be audited by an auditor, duly qualified to be appointed as an auditor of companies under the Companies Act, 1956 (Central Act 1 of 1956), and the appointment of auditor and remuneration payable to him, shall be decided by the Authority on year to year basis. The auditor so appointed, shall have access to the books, accounts and other documents of the Authority at all reasonable times.