(1) The Board shall maintain proper accounts and other relevant records and prepare the annual statement of accounts in such from as may be prescribed, in consultation with the Accountant General.
The accounts of the Board shall be audited annually bythe Accountant General and expenditure incurred in respect of such audit shall be payable by the Board to the Accountant General.
The Accountant General and any person appointed by him in connection with the audit of accounts of the Board under this .Act shall have the same rights and privileges as Accountant General generally has in connection with the audit of Government accounts and, in particular, shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect any office of the Board.
The accounts of the Board, as certified by the Accountant General or any other person engaged by him in this behalf, together with the audit report thereon shall be forwarded annually to the Government by the Board and the Government shall cause the report to be laid before the legislative Assembly within a period of six months from the date of its receipt.