Section 18 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008
Accounts and audit.
- (1)The Institute shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including the balance-sheet in such form as the Central Government may, by rules prescribe, and in accordance with such general directions as may be issued by that Government, in consultation with the Comptroller and Auditor-General of India.
- (2)The accounts of the Institute shall be audited by the Comptroller and Auditor-General of India and any expenditure incurred by him in connection with such audit shall be payable by the Institute to the Comptroller and Auditor-General of India.
- (3)The Comptroller and Auditor-General of India and any person appointed by him in connection with the audit of the accounts of the Institute shall have the same rights, privileges and authority in connection with such audit as the Comptroller and Auditor-General of India has in connection with the audit of the Government accounts and, in particular, shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect the offices of the Institute as well as of the institutions established and maintained by it.
- (4)The Accounts of the Institute as certified by the Comptroller and Auditor-General of India or any other person appointed by him in this behalf together with the audit report thereon shall be forwarded annually to the Central Government and that Government shall cause the same to be laid before both Houses of Parliament.
Summary
- The Institute must keep proper financial records and make an annual statement of accounts, including a balance sheet.
- The format of these accounts is decided by the Central Government, after consulting with the Comptroller and Auditor-General of India.
- The Comptroller and Auditor-General audits these accounts and has the power to demand documents and inspect the Institute's offices.
- The final certified accounts and the audit report are sent to the Central Government, which then presents them to both Houses of Parliament.
- The Institute has to pay the financial cost of this audit.
Practical examples
FAQ
1. Who is in charge of auditing the Institute's money?
The Comptroller and Auditor-General of India audits the accounts.
2. Does the auditor have the right to look at any paper they want?
Yes, they have the right to demand books, accounts, vouchers, and other documents.
3. Who pays for the cost of the audit?
The Institute itself must pay the expenses incurred by the auditor.
4. Where do the final audit reports go?
They go to the Central Government, which then lays them before both Houses of Parliament.
Test yourself
Q1.Under Section 18 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, who is legally responsible for auditing the accounts of the Institute?
Q2.According to Section 18 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, who is responsible for paying the expenses incurred in connection with the audit?
Q3.Under Section 18 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, what specific power does the auditor have during the inspection?
Q4.Under Section 18 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, what is the final destination for the certified accounts and audit report?