Section 15. Accounts and Audit

(1) The Board shall cause to be maintained such books of accounts and other records in relation to its functions in such form and in such manner as may be prescribed by the State Government through notification in official Gazette. (2) The Board shall, as soon as may be after the closing of its annual accounts, prepare an annual statement of accounts in such form and in such manner as may be prescribed by the State Government and these accounts will be subject to an annual audit. (3) The accounts of the Board shall be audited by the Accountant General, Uttarakhand or any officer authorized by him on his behalf. (4) The Board shall, in respect of every financial year cause to be prepared an Audit Report which shall be submitted by the Board to the State Government.