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The Employees' Provident Fund Organisation, a Social Security Organisation under the Code on Social Security, 2020, closes its financial year. Who audits its accounts annually under the Code?

The accounts of each Social Security Organisation are audited annually by the Comptroller and Auditor-General of India. The Code on Social Security, 2020 vests this audit in the CAG, not in a private professional or a labour department officer.

  1. AA chartered accountant appointed by the Central Provident Fund Commissioner
  2. BThe Comptroller and Auditor-General of IndiaCorrect
  3. CThe Director General Labour Welfare
  4. DA firm of company secretaries appointed by the appropriate Government

Explanation

Section 116(1) of the Code on Social Security, 2020 states that the accounts of each Social Security Organisation shall be audited annually by the Comptroller and Auditor-General of India. The other options name officers or professionals who have no such statutory audit role under that section.

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