Valid from 16/04/2007
6(1)The Commission must—N.I.
(a)keep proper accounts and proper financial records, and
(b)prepare in respect of each financial year a statement of accounts.
(2)The statement of accounts must—
(a)contain such information, and
(b)be in such form,
as the Secretary of State directs.
(3)The Commission must send copies of the statement of accounts relating to a financial year to—
(a)the Secretary of State, and
(b)the Comptroller and Auditor General,
within such period after the end of the financial year as the Secretary of State directs.
(4)The Comptroller and Auditor General must—
(a)examine, certify and report on the statement of accounts, and
(b)lay a copy of the statement of accounts and of his report on it before each House of Parliament.
(5)In this paragraph “financial year” means—
(a)the period beginning with the day on which section 50 comes into force and ending with the first 31st March which falls at least six months after that day, and
(b)each subsequent period of twelve months beginning with 1st April.