(1) The Budget of the Commission shall be prepared before November 30th of the preceding year and be submitted in duplicate to the Government for approval during the first week of December of each year.
2) The Statement of Accounts of expenditure incurred in respect of the budgetary grants in respect of each financial year and all accounts of the Commission shall be maintained in accordance with the Karnataka financial Code and in accordance with the instruction of the Government issued from time to time.
3 3) The Annual Financial Accounts and Audit Report of the Commission shall be submitted to the Accountant General in Karnataka.
4) The Commission shall appoint a Chartered Accountant as an Auditor with the prior approval of the Government and charges for the audit shall be paid as may be determined by the Commission.
5) The Audit Report of the Commission shall be submitted to the Government as required under section 14 of the Act.
6) The Government may if it is of the opinion that a Special or General Audit of the Commission is necessary, order for conducting the special or general audit of the Commission .