Broadcasting Act 1990

Accounts and audit U.K.

12 (1) [F1 S4C] 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. U.K.

[F2 (1A) The statement of accounts must deal separately with the public service fund referred to in section 61A of this Act and with [F3 the assets of [F4 S4C] that are not comprised in that fund; and accordingly, the statement must deal with liabilities separately according to whether they fall to be met from that fund or from those assets.]]

[F5 (2A) S4C must send a copy of its statement of accounts to the Comptroller and Auditor General as soon as possible after the end of the financial year to which the statement relates.

(2B) The Comptroller and Auditor General must—

(a) examine, certify and report on each statement of accounts of S4C, and

(b) send a copy of the report and certified statement of accounts to the Secretary of State.

(2C) The Secretary of State must lay before Parliament a copy of each such report and certified statement.

(2D) As soon as possible after the Secretary of State lays copies of the report and statement of accounts before Parliament, S4C must arrange for the report and certified statement to be laid before Senedd Cymru.

(2E) S4C must ensure that each S4C subsidiary undertaking appoints the Comptroller and Auditor General as auditor, unless the S4C subsidiary undertaking requests the Comptroller and Auditor General’s permission to appoint another person and the Comptroller and Auditor General permits the appointment of that person as auditor.

(2F) The Comptroller and Auditor General may inspect the accounts of any S4C subsidiary undertaking (regardless of who is appointed as auditor).]

(4) [F6 S4C] 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 [F7 S4C]; 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 [F7 S4C].

[F8 (5) S4C must ensure that an S4C subsidiary undertaking, if told to do so by the Secretary of State or any person authorised by the Secretary of State, grants the Secretary of State or authorised person access to—

(a) that undertaking’s accounts;

(b) information and documents relating to that undertaking’s financial transactions and commitments.

(6) In this paragraph “S4C subsidiary undertaking” means an undertaking which, for the purposes of the Companies Act 2006, is a subsidiary undertaking of S4C (see section 1162 of that Act).]

Textual Amendments

F1 Word in Sch. 6 para. 12(1) substituted (23.8.2024) by Media Act 2024 (c. 15), s. 55(3)(c), Sch. 4 para. 16(6)(b); S.I. 2024/858, reg. 2(1)(x)

F2 Sch. 6 para. 12(1A) inserted (1.10.1996) by 1996 c. 55, s. 81(2); S.I. 1996/2120, art. 4, Sch. 1

F3 Words in Sch. 6 para. 12(1A) substituted (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 15 para. 71(3) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)

F4 Word in Sch. 6 para. 12(1A) substituted (23.8.2024) by Media Act 2024 (c. 15), s. 55(3)(c), Sch. 4 para. 16(6)(a); S.I. 2024/858, reg. 2(1)(x)

F5 Sch. 6 para. 12(2A)-(2F) substituted for Sch. 6 para. 12(2)(3) (23.8.2024) by Media Act 2024 (c. 15), ss. 34(2), 55(3)(b); S.I. 2024/858, reg. 2(1)(l)

F6 Word in Sch. 6 para. 12(4) substituted (23.8.2024) by Media Act 2024 (c. 15), s. 55(3)(c), Sch. 4 para. 16(6)(b); S.I. 2024/858, reg. 2(1)(x)

F7 Word in Sch. 6 para. 12(4) substituted (23.8.2024) by Media Act 2024 (c. 15), s. 55(3)(c), Sch. 4 para. 16(6)(a); S.I. 2024/858, reg. 2(1)(x)

F8 Sch. 6 para. 12(5)(6) inserted (23.8.2024) by Media Act 2024 (c. 15), ss. 34(3), 55(3)(b); S.I. 2024/858, reg. 2(1)(l)