SCHEDULES
SCHEDULE 8 The Radio Authority: Supplementary Provisions
Accounts and audit
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1
The Authority 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 Authority shall be audited by auditors to be appointed by the Authority with the approval of the Secretary of State.
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A person shall not be qualified to be appointed as an auditor in pursuance of sub-paragraph (2) unless he is eligible for appointment as a company auditor under section 25 of the Companies Act 1989.
4
The Authority 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 Authority; 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 Authority.