(1)

The municipal chief auditor shall audit the accounts of the corporation as hereinafter provided, with the assistance of the assistant auditors, clerks and servants appointed under section 78-B of this Act.

(2)

In the discharge of his functions under this article the municipal chief auditor shall

(i) audit the accounts of [*] [The word all was deleted by Bombay 76 of 1948, Section 42.] expenditure from the revenue of the corporation expenditure on account of loan works and [*] [The word all was deleted by Bombay 76 of 1948, Section 42.] expenditure incurred out of special funds and shall ascertain whether moneys shown therein as having been disbursed were legally available for, and applicable to, the service or purpose to which they have been applied or charged, and whether the expenditure conforms to the authority which governs it;

(ii) audit the accounts of [*] [The word all was deleted by Bombay 76 of 1948, Section 42.] debt, deposit, sinking funds, advances, suspense and remittance transactions of the corporation and report upon those accounts and upon the results of verification of the balances relating thereto.

(3)

The municipal chief auditor shall examine and audit the statements of accounts relating to the commercial services conducted in any department of the corporation, including the trading, manufacturing and profit and loss accounts, and the balance sheets where such accounts are maintained under the orders of the [corporation, [the Standing Committee or the Brihan Mumbai Electric Supply and Transport Committee] [These words were substituted for the original by Bombay 48 of 1948, Section 60.] ] and shall certify and report upon these accounts.

(4)

The municipal chief auditor shall, in consultation with [the Standing Committee] [These words were substituted for the words 'Municipal Accounts Committee' by Maharashtra 27 of 1999, Section 207(a)(ii), (w.e.f. 23-4-1999).], and subject to any directions given by the corporation, determine the form and manner in which his reports on the accounts of the corporation shall be prepared and shall have authority to call upon any officer of the corporation to provide any information necessary for the preparation of these reports.