Law Reform (Miscellaneous Provisions) (Scotland) Act 1990

Accounts

13 (1) The Board shall, in respect of each financial year, keep proper accounts and proper records in relation to the accounts.

(2) The accounts shall be audited annually by auditors appointed by the Board.

(3) No person shall be qualified to be appointed auditor under sub-paragraph (2) above unless he is a member of—

(a) the Institute of Chartered Accountants of Scotland;

(b) the Institute of Chartered Accountants in England and Wales;

(c) the Chartered Association of Certified Accountants; or

(d) the Institute of Chartered Accountants in Ireland,

but a firm may be so appointed if each of the partners is qualified to be so appointed.

(4) The Board shall send a copy of the audited accounts for each financial year to every practitioner.

(5) The Board shall, on receipt of such fee as they may determine, send a copy of the audited accounts to any person requesting it.

(6) In this paragraph, “financial year” means the period of 12 months ending with 31st March in each year.