The Warehousing (Development and Regulation) Act, 2007
38. Accounts and
audit. -
1. The
Authority shall maintain proper accounts and other relevant records and prepare
an annual statement of accounts in such form and manner as may be prescribed by
the Central Government in consultation with the Comptroller and Auditor-General
of India.
2. The
accounts of the Authority shall be audited by the Comptroller and
Auditor-General of India at such intervals as may be specified by him and any
expenditure incurred in connection with such audit shall be payable by the
Authority to the Comptroller and Auditor-General.
3. The
Comptroller and Auditor-General of India and any other person appointed by him
in connection with the audit of the accounts of the Authority shall have the
same rights, privileges and authority in connection with such audit as the
Comptroller and Auditor-General generally has in connection with the audit of
the Government accounts and, in particular, shall have the right to demand the
production of books of account, connected vouchers and other documents and papers
and to inspect any of the offices of the Authority.
4. The
accounts of the Authority 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.