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(1) The Authority shall keep accounts in such form and in such manner as may be prescribed. (2) The accounts of the Authority shall be audited by Chief Auditor, Local Fund or by any other auditor appointed by the Authority with the approval of the State Government. (3) The State Government may, if it thinks necessary, appoint a special auditor to audit the accounts of the Authority. (4) The auditor or the special auditor, as the case may be, shall submit his report to the Authority and shall forward a copy thereof to the State Government. (5) The cost of the audit under sub-section (2) or (3), if any, shall be borne by the Authority.
<span style="margin-left:15px;"></span>(<i>1</i>) The Authority shall keep accounts in such form and in such manner as may be prescribed.<br> <span style="margin-left:15px;"></span>(<i>2</i>) The accounts of the Authority shall be audited by Chief Auditor, Local Fund or by any other auditor appointed by the Authority with the approval of the State Government.<br> <span style="margin-left:15px;"></span>(<i>3</i>) The State Government may, if it thinks necessary, appoint a special auditor to audit the accounts of the Authority.<br> <span style="margin-left:15px;"></span>(<i>4</i>) The auditor or the special auditor, as the case may be, shall submit his report to the Authority and shall forward a copy thereof to the State Government.<br> <span style="margin-left:15px;"></span>(<i>5</i>) The cost of the audit under sub-section (<i>2</i>) or (<i>3</i>), if any, shall be borne by the Authority. <br>