Accounts and audit: Authority must maintain prescribed accounts, subject to audit by the Comptroller and Auditor General with reporting. The Authority must maintain proper accounts and prepare an annual statement in the form prescribed in consultation with the Comptroller and Auditor ... Summary
Accounts and audit: Authority must maintain prescribed accounts, subject to audit by the Comptroller and Auditor General with reporting.
The Authority must maintain proper accounts and prepare an annual statement in the form prescribed in consultation with the Comptroller and Auditor General of India. The Comptroller and Auditor General audits the Authority's accounts at specified intervals, with the Authority liable for related audit expenses. The CAG and appointees have statutory rights to demand books, vouchers and inspect offices; certified accounts and the audit report are to be forwarded to the Central Government for laying before each House of Parliament.
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