Section 40 in The Assam Agricultural University Act, 1968
40. Accounts and auditing.
(1)The annual accounts of the University shall be prepared by the Comptroller under the direction of the Vice-Chancellor and all monies accuring to or received by the University and all amounts disbursed and paid by the University shall be entered in the accounts.(2)The annual accounts and the Balance sheet shall be submitted by the Vice-Chancellor to he State Government which shall cause audit to be carried by a Chartered Accountant or Accountant General as it may appoint in this behalf. The accounts when audited shall be printed and published in the official Gazette and the copies thereof, together with the audit report, shall be presented by the Vice-Chancellor to the Board and to the Vice-Chancellor.(3)The Board shall submit a copy of the accounts and report to the State Government along with statement of the action taken by the University on the audit report and the State Government shall cause the same to be laid before the Legislature.
