law: Water (Prevention and Control of Pollution) Act, 1974
  40. Accounts and Audit.
  
  (1) Every Board shall maintain proper accounts
  
  and other relevant records and prepare an annual statement of accounts in such
  
  form as may be prescribed by the Central Government or, as the case may be, the
  
  State Government.
  (2) The accounts of the Board shall be audited
  
  by an auditor duly qualified to act as an auditor of companies under section
  
  226 of the Companies Act, 1956 (1 of 1956).
  (3) The said auditor shall be appointed by the Central Government or, as the
  
  case may be, the State Government on the advice of the Comptroller and Auditor
  
  General or India.
  (4) Every auditor appointed to audit the
  
  accounts of the Board under this Act shall have the right to demand the
  
  production of books, accounts, connected vouchers and other documents and
  
  papers and to inspect any of the offices of the Board.
  (5) Every such auditor shall send a copy of his report together with an audited
  
  copy of the accounts to the Central Government or, as the case may be, the
  
  State Government.
  (6) the Central Government shall, as soon as may be after the receipt of the
  
  audit report under sub-section (5), cause the same to be laid before the both
  
  House of Parliament.
  (7) The State Government shall, as soon as may be after the receipt of the
  
  audit report under sub-section (5), cause the same to be laid before the State
  
  Legislature.