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16(1)The Commission shall keep accounts and shall prepare in respect of each financial year a statement of accounts.
(2)The accounts shall be kept, and the statement of accounts shall be prepared, in such form as the [F1Secretary of State] may, with the approval of the Treasury, specify by direction given to the Commission.
(3)The Commission shall send a copy of the statement of accounts in respect of each financial year to the [F1Secretary of State] and to the Comptroller and Auditor General within such period after the end of the financial year to which it relates as the [F1Secretary of State] may specify by direction given to the Commission.
(4)The Comptroller and Auditor General shall—
(a)examine, certify and report on each statement of accounts received by him under sub-paragraph (3), and
(b)lay a copy of each such statement of accounts, and his report on it, before each House of Parliament.
Textual Amendments
F1Words in Sch. 1 substituted (19.8.2003) by The Secretary of State for Constitutional Affairs Order 2003, (S.I. 2003/1887), art. 9, {Sch. 2 para. 11(1)(f)}