Annual accounts and Audit

(1) The annual financial statements of the University shall be prepared under the direction of the Chief Finance Officer of the University, as per the applicable laws of the State of Sikkim or may be prescribed. (2) The Board of Governors shall be responsible for overseeing accurate and detailed preparation of the audited annual financial statements, and the timely submission of the same with the Government. (3) Annual Report to the Authorities and Bodies of the University and the State Government, as per the regulations.