Local Audit and Accountability Act 2014

Accounts and audit regulations

32 Accounts and audit regulations

(1) The Secretary of State may by regulations applying to relevant authorities other than health service bodies make provision about—

(a) the form and contents of accounting records;

(b) the form, contents, preparation and approval of statements of accounts;

(c) the preservation of accounting records or statements of accounts;

(d) the publication of accounting records, statements of accounts or other information;

(e) the exercise of any rights of objection or inspection conferred by section 25, 26 or 27 and the steps to be taken by any authority to enable those rights to be exercised;

(f) the financial management of relevant authorities;

(g) the maintenance by relevant authorities of systems of internal control (including arrangements for the management of risk).

(2) Regulations under subsection (1)(b) may, in particular, make provision about any information to be provided by way of notes to the accounts.

(3) Before making regulations under this section, the Secretary of State must consult—

(a) the Comptroller and Auditor General,

(b) such representatives of relevant authorities as the Secretary of State thinks appropriate, and

(c) the recognised supervisory bodies.

(4) Section 14(1)(a) of the Transport Act 1968 (accounts and other records of Passenger Transport Executives) is subject to regulations under this section.