(1) The annual general meeting shall appoint the auditor, and the remuneration of the auditor shall be as specified by the meeting. Such an
auditor shall have obtained license to perform audit in accordance with the  Nepal law.
Provided that, audit shall be performed by the auditor designated by the Government of Nepal until the first annual general meeting is held.
(2) The auditor may inspect and examine any accounts and documents of the Corporation, and it shall be the duty of all the concerned
employees of the Corporation to render assistance in that act.
(3) The auditor shall submit a copy of the audit report made by him or her to the Government of Nepal and another copy to the general meeting
of the Corporation, and such a report shall clearly state the following matters:
(a) Whether annual accounts and profit and loss account have been so properly and duly maintained, clearly indicating all required matters as to reflect the actual financial condition of the Corporation or not;
(b) Whether the Corporation has provided any such explanation or information as sought or not, and if so provided, whether it is satisfactory or not.
(4) The Government of Nepal may, based on the report received pursuant to Sub-section (3), and on the advice of the general meeting, give direction to the Corporation for necessary reform or provision.