State Act

The Goa Agricultural Produce Marketing (Development and Regulation) Act, 2007

44[44 A. Accounts and Audit of Marketing Board.— (1) The accounts of the marketing Board shall be subject to internal audit for which the marketing Board may make such arrangement as it deem fit. (2) Within 45 days of the close of the financial year, the annual accounts and balance sheet of the marketing Board shall be prepared by the Secretary and all money accruing to or received by the marketing Board from whatever source and all amounts disbursed or paid shall be entered in the accounts. (3) At the time of audit, the Secretary shall cause to be produced all accounts, registers, documents and other relevant papers which may be called for by the audit officer for the purposes of the audit. Any explanation called for by such officer for the removal of any discrepancy shall be immediately furnished to him. (4) The accounts of the Marketing Board shall be audited within six months of the close of the financial year to which such accounts relate: Provided that the State Marketing Officer may upon request from the Marketing Board and for justifiable reasons, grant extension of time for period not exceeding six months. (5) The State Marketing Officer shall appoint an auditor from the panel of Auditors and Chartered Accountants constituted by the Registrar of Co-operative Societies, Government of Goa from time to time. (6) The Marketing Board dealing with the funds from the Government or any other external individual or institutions may be subject to a re-audit initiated by the State Marketing Officer at the request of creditor, on such specific terms of reference as agreed to by the State Marketing Officer. The cost and expenses of the re-audit shall be borne by such creditor. (7) The accounts when audited shall be printed. The copies of accounts and audit report with comments thereon shall placed before the marketing Board.]