Section 26:
Accounts and audit.
(1) The Council shall cause to be maintained such books of account in
such form and in such manner and as the Central Government may, in consultation with the Comptroller
and Auditor-General of India, prescribe.
(2) The Council shall, as soon as may be, after closing its annual accounts, prepare a statement of
accounts in such form and forward the same to the Comptroller and Auditor-General of India by such date
as the Central Government may, in consultation with the Comptroller and Auditor-General, determine.
(3) The accounts of the Council shall be audited by the Comptroller and Auditor-General of India at
such times and in such manner as he think fit.
(4) The accounts of the Council as certified by the Comptroller and Auditor-General of India or any
other person appointed by him in this behalf, together with the audit report thereon shall be forwarded
annually to the Central Government and that Government shall cause the same to be laid before both
Houses of Parliament.