The Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2012

EXPLANATORY NOTE

(This note is not part of the Order)

The effect of the Order is to require the Comptroller and Auditor General to audit the accounts or financial statements of—

• the Horserace Betting Levy Board for the levy period ending on 31st March 2013 and subsequent levy periods;

• the probation trusts specified in the Schedule for the financial year ending on 31st March 2013 and subsequent financial years; and

• the three bodies specified in article 5 for the financial year ending on 31st March 2012 and subsequent financial years.

“Levy period”, in relation to the Horserace Betting Levy Board, is a period of twelve months beginning with 1st April in any year.

The probation trusts concerned are all of the probation trusts established under section 5 of the Offender Management Act 2007 except the Wales Probation Trust.

Article 6 amends the Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2003 (S.I. 2003/1326) with the effect that the Comptroller and Auditor General—

• is no longer under a duty to audit the accounts of the Royal Naval Museum; and

• will no longer be under a duty to audit the accounts of the Fleet Air Arm Museum, the Royal Marines Museum or the Royal Naval Submarine Museum after completing the audit of the accounts specified for each of them in article 6(2).

Article 7 amends the Government Resources and Accounts Act 2000 (Audit of Non-profit-making Companies) Order 2009 (S.I. 2009/476) with the effect that the Comptroller and Auditor General—

• is no longer under a duty to audit the accounts of Phoenix Sports Limited; and

• will no longer be under a duty to audit the accounts of Firebuy Limited or the School Food Trust after completing the audit of the accounts specified for each of them in article 7(2).

An impact assessment has not been prepared because no impact is foreseen on the business and voluntary sectors.