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ORDINANCE XVII OF 2005 ORDINANCE XVII OF 2005 Alternative Energy Development Board Ordinance 2005 An Ordinance to provide for establishment of Alternative Energy Development Board [Gazette of Pakistan, Extraordinary, Part I, 29th August, 2005] CHAPTER III FUND, ACCOUNTS AND AUDIT 14. Accounts and Audit.---(1) The Board, Institute and Organization(s), shall prepare their own budget in respect of each financial year, in accordance with the prescribed procedure and shall maintain complete and accurate books of accounts of their actual expenses and receipts including that of the Alternative Energy Fund. (2) The accounts of the Board, Institute and Organization(s) shall be audited by a reputable firm of Chartered Accountants, who are within the meaning of the Chartered Accountants Ordinance, 1961 (X of 1961) appointed by the Board in consultation with the Auditor-General of Pakistan, from a panel of Chartered Accountants proposed by the Board on such remunerations as the Board may determine. (3) The Auditors appointed under subsection (2) shall be provided access to the books, accounts and other documents as may be considered necessary by them for audit of the accounts. (4) The Auditor-General may conduct external audit of the Board as per Auditor-General's (Functions, Powers and Terms and Conditions of Service) Ordinance, 2001 (XXIII of 2001).