SCHEDULES
SCHEDULE 2The Delivery Authority
Accounts and audit
9
1
The Delivery Authority must keep proper accounts and proper records in relation to them.
2
The Delivery Authority must prepare a statement of accounts for each financial year.
3
F1The Corporate Officers must, after consulting the Delivery Authority, appoint one of the Delivery Authority's executive directors to be the Delivery Authority's accounting officer.
4
The Delivery Authority's accounting officer is to have, in relation to the Delivery Authority's accounts and finance, the responsibilities that are from time to time specified by F2the Corporate Officers.
5
The reference in sub-paragraph (4) to responsibilities includes—
a
responsibilities in relation to the signing of accounts;
b
responsibilities for the propriety and regularity of the Delivery Authority's finances;
c
responsibilities for the economy, efficiency and effectiveness with which the Delivery Authority's resources are used.
6
The Delivery Authority must send a copy of the statement of accounts for a financial year to the Comptroller and Auditor General as soon as practicable after the end of that year.
7
The Comptroller and Auditor General must—
a
examine, certify and report on the statement of accounts, and
b
send a copy of the certified statement and of the report to the Sponsor Body as soon as practicable.
8
The Sponsor Body must, in respect of each financial year, lay before Parliament a copy of the certified statement and report sent under sub-paragraph (7)(b).
9
The Delivery Authority is exempt from the requirements of Part 16 of the Companies Act 2006 (audit) and its balance sheet must contain a statement to that effect.