24[F1(1)A public benefit corporation must keep proper accounts and proper records in relation to the accounts.E+W
(1A)[F2NHS England] may with the approval of the Secretary of State give directions to the corporation as to the content and form of its accounts.]
(2)The accounts must be audited by the corporation's auditor.
(3)But the Comptroller and Auditor General may examine—
(a)the accounts,
(b)[F3the 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.
[F4(4A)The auditor must, in carrying out functions in relation to the accounts—
(a)comply with the code of audit practice applicable to the accounts that is for the time being in force (see Schedule 6 to the Local Audit and Accountability Act 2014), and
(b)have regard to guidance issued by the Comptroller and Auditor General under paragraph 9 of that Schedule (as it has effect by virtue of paragraph 10(6) of that Schedule).
(4B)The auditor of the accounts must comply with any directions given by the Secretary of State as to arrangements to monitor the standard of the work of auditors in the performance of audits under this paragraph (including arrangements to inspect that work).
(4C)The arrangements mentioned in sub-paragraph (4B) may include arrangements made by [F5NHS England] or by any other person the Secretary of State considers appropriate.]
F6(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 7 para. 24(1)(1A) substituted for Sch. 7 para. 24(1) (27.3.2012 for specified purposes, 1.10.2012 in so far as not already in force) by Health and Social Care Act 2012 (c. 7), ss. 154(1), 306(1)(d)(4); S.I. 2012/1831, art. 2(2)
F2Words in Sch. 7 para. 24(1A) substituted (1.7.2022) by Health and Care Act 2022 (c. 31), s. 186(6), Sch. 5 para. 31(2)(a); S.I. 2022/734, reg. 2(a), Sch. (with regs. 13, 29, 30)
F3Words in Sch. 7 para. 24(3)(b) substituted (27.3.2012 for specified purposes, 1.10.2012 in so far as not already in force) by Health and Social Care Act 2012 (c. 7), ss. 154(2), 306(1)(d)(4); S.I. 2012/1831, art. 2(2)
F4Sch. 7 para. 24(4A)-(4C) inserted (1.4.2015) by Local Audit and Accountability Act 2014 (c. 2), s. 49(1), Sch. 12 para. 74(2); S.I. 2015/841, art. 3(x)
F5Words in Sch. 7 para. 24(4C) substituted (1.7.2022) by Health and Care Act 2022 (c. 31), s. 186(6), Sch. 5 para. 31(2)(b); S.I. 2022/734, reg. 2(a), Sch. (with regs. 13, 29, 30)
F6Sch. 7 para. 24(5) omitted (1.4.2015) by virtue of Local Audit and Accountability Act 2014 (c. 2), s. 49(1), Sch. 12 para. 74(3); S.I. 2015/841, art. 3(x)