Amendment status not verified — confirm the current text below against the official source.
(1) The accounts of the municipal fund shall be 1 [audited by Comptroller and Auditor General of India] and the audit agency shall, for the purpose of audit have access to all the accounts and other records of the municipality. (2) The audit agency shall within one month of the completion of the audit forward the copy of the audit note to the municipality and on receipt of the said report, the municipality shall, as soon as may be, remedy defects or irregularities if any pointed out in the report and shall forward without delay to the * [State Government] through the Deputy Commissioner and the Director, so many copies of the said report as may be required by the Government with a brief statement of the action, if any, taken or proposed to be taken thereon. (3) The Government shall on receipt of the audit report of the municipalities, lay them before the ** [State Legislature].