Section 22. Accounts and Audit.

(1) The Board shall maintain proper accounts and prepare annual statement of accounts including balance sheet. (2) The accounts of the Board shall be audited annually by such qualified Chartered Accountant as the Government may appoint. The auditor so appointed shall have the right to demand the production of books, accounts and connected vouchers, documents and papers and to inspect any of the offices of the Board. (3) The accounts of the Board as certified by the auditor and a copy of the audit report shall be forwarded annually to the Government. (4) The Government shall,–– (a) cause the accounts of the Board together with audit report thereon, received by it under sub-section (3) to be laid annually before 1[the Legislative Assembly of the Union territory of Jammu and Kashmir] ; and (b) cause the accounts of the Board to be published in the prescribed manner and make copies available for sale at reasonable price.