Accounts and auditE+W
12(1)The Commission must keep accounts in such form as the Secretary of State may determine.
(2)The Commission must prepare annual accounts in respect of each financial year in such form as the Secretary of State may determine.
(3)The Commission must send copies of the annual accounts to the Secretary of State and the Comptroller and Auditor General within such period after the end of the financial year to which the accounts relate as the Secretary of State may determine.
(4)The Comptroller and Auditor General must examine, certify and report on the annual accounts and must lay copies of the accounts and of his report before Parliament.
(5)In this paragraph, “financial year” means—
(a)the period beginning with the date on which the Commission is established and ending with the next 31st March, and
(b)each successive period of 12 months ending with 31st March.
Commencement Information
I1Sch. 6 para. 12 partly in force; Sch. 6 para. 12 not in force at Royal Assent, see s. 42(3); Sch. 6 para. 12 in force for E. at 1.1.2003 by S.I. 2002/3190, art. 2