(i) The Fund Account shall be audited once a year by the Examiner of Local Fund Accounts or his nominee (hereinafter referred to as the Auditor).
(ii) The Member Secretary of the Planning Authority shall submit all accounts to the Auditor within 45 days of the closing of financial year to which to accounts relate.
(iii) The Auditor may –
(a) By issuing summons, in writing, require production of any book, deed, contract accounts, voucher receipt or other document for the perusal of examination of which he consider necessary:
(b) By issuing summons, in writing require any person having the custody or control of any such document of being accountable for any such document to appear in person before him.
(c) require any person so appearing to make and sign a declaration in respect of such document or to answer any question or to prepare and furnish any statement relating thereto.
(5) Duties of the auditor – The auditor shall,
(a) Report to the Planning Authority any material improperity or Irregularity which he may observe in the expenditure or the recovieries or deposit of moneys, if any, due to the Fund Account;
(b) advise the Planning Authority on the lines and forms in which the various accounts of the fund account shall be maintained so as to avoid any impropriety or irregularity as may be considered necessary;
(c) furnish the Planning Authority such information as it nay require conscerning the progress of the audit;
(d) report to Planning Authority any loss or waste of moneys caused by neglect or miscounduct with the names of persons directly or indirectly responsible for such loss or waste;
(e) forward to the Planning Authority the financial statement of the audit with a copy to the Director and also to the Government within a period of three months from the date of receipt of the annual financial statement from the Planning Authority or within such period as the Government, may notify, from time to time.