State Act

Sri Venkateswara Vedic University Act, 2006.

31. Accounts and Audits - (1) The Finance Officer shall keep regular accounts of all receipts and disbursements for each financial year separately in such form and containing such particulars as may be prescribed. (2) (a) The accounts of the University shall be audited annually or if the Sponsoring Institution so directs in any case at short intervals. (b) The audit referred to in clause (a) shall be made by auditor appointed by the University or Sponsoring Institution, as the case may be, for the purpose and the auditor shall send a report to the University or Sponsoring Institution, as the case may be, containing such particulars as may be, prescribed. (3) It shall be the duty of the Finance Officer and all officers and servants working under him to afford the auditor all such assistance and facilities as may be necessary for the audit of the accounts of the University.