Section 25: Auditor and audit

1) The accounts and books of the Board shall be audited by the Auditor General or any auditor designated by him.

2) While auditing the accounts and books of the Board by the auditor appointed pursuant to sub-section (1), such an auditor shall mention, inter alia, the following matters in his or her audit report:

(a) Whether the statements of incomes and expenditures truly reflect the incomes and expenditures of the Board in that fiscal year,

(b) Whether the balance sheet of that fiscal year reflects the true economic condition of the Board.