Amendment status not verified — confirm the current text below against the official source.
Annual account8 and audit : (1) The annualaccounts including balance sheet ofthe University shall be prepared under the directions ofthe Board of Management and the annual accounts shall be audited at least once in every year bythe auditors appointed by the University for this purpose. (2) A copy of the annual accounts together with the audit report shall be submitted to the Board of Management. (3) A copy of the annual accounts and audit report along with the observation of the Board of Management shall be submitted tc the Sponsoring Body.