(1) The accounts of the Fund shall be audited by the
auditor appointed by the Auditor General of Nepal.
(2) The auditor shall present his or her report on the annual profit
and loss account, balance sheet and other accounts at the general meeting
and such a report shall state whether the balance sheet has been prepared
correctly setting out all necessary matters and in a manner to reflect the
actual financial condition of the Fund or not, and in cases where any
explanation or information has been sought from the Board, whether such
explanation or information has been given in a satisfactory manner or not.