Amendment status not verified — confirm the current text below against the official source.
(1) The Municipal Examiner of Accounts shall conduct a weekly examination and audit of the municipal accounts and shall report thereon to the Standing Committee which may also from time to time and for such period as it thinks fit Readjustment of income and expenditure to be made by the Corporation during the course of financial year whenever necessary. Weekly scrutiny of accounts by Examiner of Accounts and scrutiny of accounts by the Standing Committee. [Act No. II of 1956] 177 conduct independently an examination and audit of the municipal accounts. (2) For the purposes of sub-section (1) the Standing Committee and the Municipal Examiner of Accounts shall have access to all the municipal accounts and to all records and correspondence relating thereto, and the Commissioner shall forthwith furnish to the Standing Committee or the Municipal Examiner of Accounts any explanation concerning receipts and disbursement which they may call for.