[F1 AccountsU.K.
Textual Amendments
F1Sch 2A inserted (1.4.1999) by 1998 c. 22, ss. 1(5), Sch. 1 Pt. II para. 7; S.I. 1999/650, art. 2(b)
11(1)The Commission shall—U.K.
(a)keep proper accounts and proper records in relation to the accounts, and
(b)prepare a statement of accounts in respect of each financial year.
(2)The statement shall comply with any directions that may be given by the Secretary of State as to the information to be contained in such a statement, the manner in which such information is to be presented or the methods and principles according to which such a statement is to be prepared.
(3)Copies of the statement shall be sent to the Secretary of State and the Comptroller and Auditor General within such period after the end of the financial year to which the statement relates as the Secretary of State may direct.
(4)The Comptroller and Auditor General shall examine, certify and report on the statement and shall lay copies of the statement and of his report before Parliament.
(5)The Secretary of State shall not give a direction under this paragraph without the Treasury’s approval.
(6)In this paragraph “financial year” means—
(a)the period beginning with the coming into force of section 3A and ending with the next 31st March, and
(b)each successive period of twelve months ending with 31st March.]