10(1)The Commission shall—
(a)keep proper accounts and records in relation to the accounts; and
(b)prepare in respect of each accounting year a statement of accounts in such form as the Secretary of State, with the approval of the Treasury, may direct.
(2)The accounts of the Commission shall be audited by persons appointed for the purpose for each accounting year by the Secretary of State.
(3)A copy of any accounts of the Commission audited under sub-paragraph (2) above and of the report made on those accounts by the persons appointed to audit them shall be sent to the Secretary of State as soon as reasonably practicable after the report is received by the Commission; and the Secretary of State shall lay before Parliament a copy of any accounts or report sent to him under this sub-paragraph.