(1)The accounts of the Commission [F1in respect of each financial year ending on or before 31st March 2004 and the accounts] of every development corporation shall be audited by an auditor to be appointed annually by the Secretary of State in relation to the Commission or corporation.
[F2(2)A person shall not be so appointed auditor unless he is eligible for appointment as a company auditor under section 25 of the Companies Act 1989.]
[F3(2A)The Comptroller and Auditor General shall examine, certify and report on the accounts of the Commission in respect of financial years ending on or after 31st March 2005.]
(3)As soon as the annual accounts of the Commission or a development corporation for any financial year have been audited, the Commission or corporation, as the case may be, shall send to the Secretary of State a copy of the accounts prepared by them for that year in accordance with this section, together with a copy of any report made by the auditor on those accounts.
Textual Amendments
F1Words in s. 68(1) substituted (23.5.2003) by Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2003 (S.I. 2003/1326), arts. 1, 11(3)(a)
F2S. 68(2) substituted (1.10.1991) by S.I. 1991/1997, reg. 2, Sch. para. 41 (with reg. 4).