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National Health Service Act 2006

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Changes over time for: Cross Heading: Accounts

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Version Superseded: 27/03/2012

Status:

Point in time view as at 15/02/2010.

Changes to legislation:

National Health Service Act 2006, Cross Heading: Accounts is up to date with all changes known to be in force on or before 27 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

AccountsE+W

24(1)A public benefit corporation must keep accounts in such form as the regulator may with the approval of the Treasury direct.E+W

(2)The accounts must be audited by the corporation's auditor.

(3)But the Comptroller and Auditor General may examine—

(a)the accounts,

(b)any records relating to them, and

(c)any report of the auditor on them.

(4)If trustees are appointed under section 51, the Comptroller and Auditor General may also examine—

(a)the accounts kept by the trustees,

(b)any records relating to them, and

(c)any report of an auditor on them.

(5)In auditing the accounts the auditor must comply with any directions given by the regulator as to the standards, procedures and techniques to be adopted.

25(1)A public benefit corporation must prepare in respect of each financial year annual accounts in such form as the regulator may with the approval of the Treasury direct.E+W

(2)In preparing its annual accounts, the corporation must comply with any directions given by the regulator with the approval of the Treasury as to—

(a)the methods and principles according to which the accounts must be prepared,

(b)the information to be given in the accounts.

(3)In determining the form and content of the annual accounts the regulator must aim to ensure that the accounts present a true and fair view.

(4)The corporation must—

(a)lay a copy of the annual accounts, and any report of the auditor on them, before Parliament, and

(b)once it has done so, send copies of those documents to the regulator.

(5)The constitution must provide for the functions of the corporation under this paragraph to be delegated to the accounting officer.

(6)In this paragraph and paragraph 27 “financial year” means—

(a)the period beginning with the date on which the corporation is authorised under section 35 and ending with the next 31st March, and

(b)each successive period of twelve months beginning with 1st April.

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