Section 20(9)(c) in The Mizoram Aided College Employees Rules, 1990
(c)submit audit reports in detail to the Governing Body before the end of March, clarifying whether there has been any instance of incomplete or wrong entry into the accounts ; instance of spending any amount of the college funds for the purpose for which it has not been sanctioned or granted ; instances of entries and cash and/or actual balance not being in tally.