SCHEDULES
C1SCHEDULE 3 The Channel Four Television Corporation: Supplementary Provisions
Accounts and audit
12
1
The Corporation shall keep proper accounts and proper records in relation to the accounts, and shall prepare in respect of each financial year a statement of accounts in such form as the Secretary of State may direct with the approval of the Treasury.
2
The accounts of the Corporation shall be audited by auditors to be appointed by the Corporation with the approval of the Secretary of State.
F13
A person shall not be qualified to be appointed as a auditor in pursuance of sub-paragraph (2) unless he is eligible for appointment as a F2statutory auditor under Part 42 of the Companies Act 2006.
4
The Corporation shall at all reasonable times upon demand made by the Secretary of State or by any persons authorised by him in that behalf—
a
afford to him or them full liberty to examine the accounts of the Corporation; and
b
furnish him or them with all forecasts, estimates, information and documents which he or they may require with respect to the financial transactions and commitments of the Corporation.
Sch. 3: transfer of functions (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 1 para. 4 (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)