Section 21 of The Khuda Bakhsh Oriental Public Library Act, 1969
- (1)The Board shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including the balance-sheet in such form as may be specified, and in accordance with such general directions as may be issued by the Central Government in consultation with the Comptroller and Auditor-General of India.
- (2)The accounts of the Board shall be audited annually by the Comptroller and Auditor-General of India and any expenditure incurred by him in connection with such audit shall be payable by the Board 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 Board 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 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 office of the Board, and the library.
- (4)The accounts of the Board 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 each House of Parliament.
Summary
- The Board must keep proper financial records and prepare an annual balance sheet.
- The accounts are audited every year by the Comptroller and Auditor-General of India (the top government auditor).
- The Board must pay the auditor for the costs of checking the accounts.
- The auditor can demand to see books, vouchers, and papers, and can inspect the library office.
- The certified accounts and the audit report are sent to the Central Government and then laid before both Houses of Parliament.
Practical examples
FAQ
1. Who checks the library's financial records?
The Comptroller and Auditor-General of India audits the accounts annually.
2. Who pays for the audit?
The Board pays any expenses incurred during the audit to the Comptroller and Auditor-General of India.
3. Where do the final audit reports go?
They are sent to the Central Government, which then presents them to each House of Parliament.
Test yourself
Q1.Under Section 21 of The Khuda Bakhsh Oriental Public Library Act, 1969, who issues general directions for the form of the annual statement of accounts?
Q2.According to Section 21 of The Khuda Bakhsh Oriental Public Library Act, 1969, who conducts the annual audit of the Board's accounts?
Q3.Under Section 21 of The Khuda Bakhsh Oriental Public Library Act, 1969, who is responsible for paying the expenses of the audit?
Q4.Under Section 21 of The Khuda Bakhsh Oriental Public Library Act, 1969, what right does the auditor have during the audit?
Q5.Under Section 21 of The Khuda Bakhsh Oriental Public Library Act, 1969, where does the Central Government place the certified accounts and audit report?