Amendment status not verified — confirm the current text below against the official source.
(1) The annual accounts prepared by the Comptroller shall be submitted to such examination and audit as the Government may direct and a copy of the annual accounts and audit report shall be submitted to the Government. Annual accounts. (2) The University shall settle objections raised in the audit and carry out such instructions as may be issued by the Government on the audit report. (3) The Government shall cause the annual accounts and the audit report to be laid before both Houses of Legislature together with their comments. (4) The Comptroller shall, before such date as may be prescribed by the statutes, prepare the annual financial estimates for the ensuring year. (5) The annual accounts and the annual financial estimates prepared by the Comptroller shall be placed before the Board together with the remarks of the Finance Committee for approval at its annual meeting and the Board may pass resolution with reference thereto and communicate the same to 22 the Comptroller who shall take action in accordance therewith. CHAPTER VII CONDITIONS OF SERVICE