Section 42 in The Nalanda Open University Act, 1995
42. Audit of Accounts of study centres.
(1)The account of every study centre shall be audited and examined annually by a qualified accountant appointed as auditor by the Executive Council.(2)The auditor may, by written notice, require the person responsible for the preparation of accounts either to appear before him in person or to produce any document to enable the auditor to obtain such information as he may consider necessary for the proper conduct of the audit.(3)After completing the audit, auditor shall submit his report to the Executive Council:Provided that the Auditor may submit an interim report at any time he thinks fit.(4)The cost of the audit of the accounts of a study centre shall be met from the University Fund.
