Annual Accounts and Audit

(i) The Annual Statement of Accounts of the University shall, after examinatiori by the Syndicate, be subjected to such audit as the State Government may direct; (ii) Such Annual Statement of Accounts shall, together with copies of the audit report thereon, be submitted to the Senate which shall consider the audited annual accounts at a meeting and may take such action thereon as it thinks fit; (iii) The University shall have a continuous internal audit, and the report of such audit shall be submitted to the State Government as soon as possible after the end of every financial year; (iv) The State Govemment may require the University to supply to it any information in i·egard to the accounts and the budget and the University shall comply with such requisition.