Insolvency Board annual accounts must use prescribed forms, be authenticated, audited by CAG and forwarded to government. The rules require the Board to prepare its Balance Sheet, Receipt & Payment Account and Income & Expenditure Account in the prescribed Forms and Schedules, have them authenticated by finance officers and the Audit Committee Chairperson, obtain audit by the Comptroller and Auditor General within three months of year-end, and forward the audited accounts and audit report to the Central Government for laying before Parliament.