SCHEDULES
SCHEDULE 3The Competition Service
Part 1Constitution etc.
12
1
The Service shall—
a
prepare a statement of accounts in respect of each of its financial years; and
b
prepare a statement of accounts for the Tribunal for each of its financial years.
2
The Service must send copies of the accounts required by sub-paragraph (1) to the Secretary of State and to the Comptroller and Auditor General before the end of August following the financial year to which they relate.
3
Those accounts must comply with any directions given by the Secretary of State with the approval of the Treasury as to—
a
the information to be contained in them;
b
the manner in which that information is to be presented; and
c
the methods and principles according to which they are to be prepared.
4
The Comptroller and Auditor General shall—
a
examine, certify and report on each statement of accounts received by him; and
b
lay copies of each statement before Parliament.
5
In this paragraph “financial year” means the period of 12 months ending with 31st March.