Section 32 in Venkateshwara Open University Act, 2012
32. Annual Accounts.
(1)The annual accounts and balance sheets of the University shall be prepared under the direction of the Executive Council and shall, once at least every year and at intervals of not more than fifteen months. be audited by an experienced and qualified firm of Chartered Accountant of repute.(2)A copy of the annual accounts, together with the audit report thereon, shall be submitted to the Court and the Chancellor along with the observations of the Executive Council.
