Miscellaneous

40 Financial provisions.

1

The General Council shall keep proper accounts of all sums received or paid by it and proper records in relation to those accounts.

2

The accounts for each financial year of the General Council shall be audited by persons appointed by the Council.

3

No person may be appointed as an auditor under subsection (2) unless he is eligible for appointment as a company auditor under section 25 of the M1Companies Act 1989 or Article 28 of the M2Companies (Northern Ireland) Order 1990.

4

As soon as is reasonably practicable after the accounts of the General Council have been audited, the Council shall—

a

cause them to be published, together with any report on them made by the auditors; and

b

send a copy of the accounts and of any such report to the Privy Council.

5

The Privy Council shall lay any copy sent to them under subsection (4) before each House of Parliament.