Amendment status not verified — confirm the current text below against the official source.
The auditors shall- (1) report to the Local Library Authority any material impropriety or irregularity which they may observe in the expenditure, or recovery of moneys due to the Local Library Authority or in the accounts; (2) furnish to the Local Library Authority such information as it may require concerning the progress of their audit; (3) report to the Local Library Authority any loss or waste of money or other property owned by or vested in the Local Library Authority caused by neglect or misconduct, with the names of person, directly or in directly, responsible for such loss or waste; and (4) Submit to the Local Library Authority a final statement of the audit and a copy thereof to the Director within a period of three months from the end of the financial year, or within such other period as the Government may from time to time notify.