(1) The accounts of the Fund shall be prepared and maintained by the Accounts Officer of the Board and shall be audited by the Controller, State Accounts Department, once a year. The Welfare Commissioner shall be responsible for the disposal of the Audit Note.
(2) The Board shall maintain complete and accurate accounts and the procedure in this regard shall be as specified in the Karnataka Financial Code, 1958. The accounts shall be balanced on the 31st March of each year:
Provided that on the application of the Board, the State Government may extend the said date by a period not exceeding thirty days.
(3) The annual accounts shall be set out and produced before the Controller of State Accounts or before any officer authorised by the Controller of State Accounts for scrutiny on or before 15th June each following the close of the financial year to which they relate:
Provided that on the application of the Board, the State Government may extend the said date by a period not exceeding thirty days.
(4) The annual accounts shall be authenticated by affixing the common seal of the Board together with the Auditor's report and four copies thereof shall be submitted to the State Government not later than the 1st November next following the year to which it relates.
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1. Rule-3-A inserted by Notification No.SWL 31 LBW 80, dated 27-8-1981, w.e.f. 27- 8-1981.
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(5) The annual audit of the accounts of the Board shall be conducted by the Controller of State Accounts. The auditor or auditors appointed in accordance with these rules shall be given access to all the books maintained by the Board relating to accounts and vouchers thereto and shall thereafter sign the auditor's declaration indicating separately on that form, under his signature or their signatures, a statement showing in what respect he or they find the accounts to be incorrect, unvouched or not in accordance with the rules. The particulars given in this statement shall indicate:-
(a) every payment which appears to be unauthorised or contrary to the provisions of the Act;
(b) the amount of any deficiency or loss which appears to have been incurred by the negligence or misconduct of any person; and
(c) the amount of any sum which ought to have been but not brought to account by any person.