[25. Accounts and audit.- (1) The Board shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including [the receipt and payment account] and balance sheet in such form as may be prescribed.
[The Board shall maintain regular preform of commercial accounts for the units run by it on commercial principles and exhibit them in the annual report to be forwarded to the State Government under section 23].
(2) The accounts of the Board shall be audited by such person as the State Government may appoint in this behalf.
(3) The auditor appointed under sub-section (2) shall in connection with the audit of the accounts of the Board have such rights, privileges and authority as may be prescribed; and in particular, shall have a right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect any office of the Board.
(4) The accounts of the Board certified by the auditor together with the audited report thereon shall be forwarded annually to the State Government before such date as the State Government may specify in this behalf.
(4A) The State Government shall cause the accounts of the Board together with the audit report thereon forwarded to it under sub-section (4) to be laid annually before each House of the State Legislature.
(5) The Board shall comply with such directions as the State Government may, after perusal of the report of the auditor, think fit to issue.