8.—(1) The accounts of a school shall—
(a)if the Secretary of State so requires, be kept in a form specified by him; and
(b)be audited by an independent person who is eligible under section 25 of the Companies Act 1989 for appointment as a company auditor.
(2) At the request of the Secretary of State, a school shall furnish him with copies of their accounts for such periods as he may specify together with copies of the auditor’s certificate relating thereto.