Annual statement of accounts must be prepared, audited and forwarded for legislative laying after audit certification.

The Board shall prepare its annual statement of accounts and balance sheet in Forms A, B and C showing financial results and significant accounting policies, authenticate them through whole time finance members and the Audit Committee Chairperson, and approve them by the Board before forwarding to the Comptroller and Auditor General of India for audit within three months of the end of the financial year; the audited accounts certified by the Comptroller and Auditor General together with the audit report shall then be forwarded by the Chairperson to the Central Government for laying before each House of Parliament.

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