7. Audit of Corporate Bodies Substantially Owned by Government of
Nepal :
(1) The audit of the corporate bodies substantially owned by Government of Nepal shall be done in accordance with the prevailing laws
relating to such body.
(2) Notwithstanding anything contained in Sub-section (1), the Auditor General shall be consulted while appointing an auditor for auditing
of the corporate bodies substantially owned by Government of Nepal.
(3) The procedures to be followed while consulting the Auditor General for appointing auditors pursuant to Sub-section (2) and on matters to
principles of audit to be followed by the auditors during their audit shall be as prescribed by the Auditor General.
(4) The concerned organization shall deliver at the Office of  the Auditor General a copy of the report submitted by the auditor appointed
in consultation with the Auditor General pursuant to Sub-section (2).
(5) The Auditor General may issue directives to the concerned organization in respect of the irregularities observed in the report received
pursuant to Sub-section (4) and it shall be the duty of concerned organization
to abide by such directives.