Section 18 of The All-India Institute of Medical Science Act, 1956 in hindi
Accounts and audit.
- (1)1[Every 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 in consultation with the Comptroller and Auditor-General of India.
- (2)The accounts of 2[every 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 2[every 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 2[every Institute] shall have the same rights, privileges and authority in connection with such audit as the Comptroller 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 2[every Institute] as well as of the institutions established and maintained by it.
- (4)The accounts of 2[every 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
- Every institute must maintain proper accounts, relevant records, and prepare an annual statement of accounts including a balance-sheet.
- The form of accounts is prescribed by Central Government rules, developed in consultation with the Comptroller and Auditor-General of India.
- The Comptroller and Auditor-General of India is responsible for auditing the accounts of every institute.
- The institute must pay the Comptroller and Auditor-General of India for any expenditure incurred during the audit.
- Auditors have the right to inspect offices, check any institutions established by the institute, and demand all books, accounts, vouchers, and papers.
- Audited accounts and the audit report must be sent annually to the Central Government, which will lay them before both Houses of Parliament.
Practical examples
FAQ
1. Who audits the financial accounts of the institute?
The accounts of every institute are audited by the Comptroller and Auditor-General of India.
2. Who pays for the cost of the audit?
The institute itself must pay the Comptroller and Auditor-General of India for any expenditures incurred in connection with the audit.
3. What powers do the auditors have when conducting their work?
Auditors have the right to inspect the offices and established institutions of the institute, and they can demand the production of books, accounts, connected vouchers, and other papers or documents.
4. What happens to the audited accounts and audit report once they are ready?
They are forwarded annually to the Central Government, which must lay them before both Houses of Parliament.
Test yourself
1.Under Section 18 of The All-India Institute of Medical Science Act, 1956, in whose consultation does the Central Government prescribe the form of the annual accounts and balance-sheet?
2.Under Section 18 of The All-India Institute of Medical Science Act, 1956, who bears the expense of conducting the annual audit of the institute?
3.Under Section 18 of The All-India Institute of Medical Science Act, 1956, what is the Central Government required to do with the certified accounts and audit report?
4.Under Section 18 of The All-India Institute of Medical Science Act, 1956, which of the following is NOT listed as a right or power of the Comptroller and Auditor-General during an audit?
5.Under Section 17 and Section 18 of The All-India Institute of Medical Science Act, 1956, what is the difference between the budget and the annual statement of accounts regarding who gets to see them?