Part 4Final Accounts
Director: final accounts23
1
As soon as possible after the cessation date, the OfS must prepare a statement of accounts for the Director in respect of the financial year to end before the cessation date.
2
A statement of accounts under paragraph (1) must be prepared in accordance with the last direction given by the Secretary of State to the Director under paragraph 8(1)(b) of Schedule 5 to the 2004 Act.
3
The OfS must, as soon as possible after preparing the statement of accounts referred to in paragraph (1), send a copy of it to the Secretary of State and the Comptroller and Auditor General.
4
The Comptroller and Auditor General must—
a
examine, certify and report on that statement, and
b
make arrangements for a copy of the report and certified statement to be laid before Parliament.
5
Paragraph (1) does not apply if the Director has already sent a copy of the statement in respect of the financial year referred to in that paragraph to the Comptroller and Auditor General.
6
Where paragraph (5) applies, the Comptroller and Auditor General must take the steps specified in paragraph 8(2) of Schedule 5 to the 2004 Act if the Comptroller has not already done so.