Maintenance of accounts and scrutiny thereof by Examiner, Local Fund Accounts, Punjab and by Corporation

176. Maintenance of accounts and scrutiny thereof by Examiner, Local Fund Accounts, Punjab and by Corporation. - (1) There shall be kept in such manner and in such form as may be prescribed by regulations accounts of receipts and expenditure of the Corporation. (2) The Examiner, Local Fund Accounts, Punjab, shall conduct day to day examination and audit of the Corporation accounts and shall furnish a monthly report thereon to the Corporation who shall publish monthly an abstract of the receipt and expenditure of the month last preceding, signed by the Mayor or in his absence by the Senior Deputy Mayor or in the absence of both by the Deputy Mayor and by the Examiner, Local Fund Accounts, Punjab. (3) For the purpose of examination and audit of the Corporation accounts the Examiner, Local Fund Accounts, Punjab shall have access to all the Corporation