law: Insurance Regulatory and Development Authority Act, 1999
  17. Accounts and audit
  (1) The Authority 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 in consultation with the
  
  Comptroller and Auditor-General of India .
  (2) The accounts of the Authority shall be audited by the
  
  Comptroller and Auditor-General of India at such intervals as may be specified
  
  by him and any expenditure incurred in connection with such audit shall be
  
  payable by the Authority to the Comptroller and Auditor-General.
  (3) The Comptroller and Auditor-General of India and any other
  
  person appointed by him in connection with the audit of the accounts of the
  
  Authority shall have the same rights, privileges and authority in connection
  
  with such audit as the Comptroller and Auditor-General generally has in
  
  connection with the audit of the Government accounts and, in particular, shall
  
  have the right to demand the production of books of account, connected vouchers
  
  and other documents and papers and to inspect any of the offices of the Authority.
  
  
  (4) The accounts of the Authority 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 each House of Parliament.