The Tertiary Education and Research (Wales) Act 2022 (Commencement No. 4 and Transitory and Transitional Provisions) Order 2024

HEFCW’s final statement of accounts

29.—(1) The Commission must prepare a statement of accounts for HEFCW in respect of the period beginning with 1 April 2023 and ending with 31 July 2024 (“HEFCW’s statement of accounts”).

(2) HEFCW’s statement of accounts must be prepared in accordance with any directions given by the Welsh Ministers to the Commission which may make provision as to the—

(a)information to be contained in it,

(b)manner in which the information is to be presented,

(c)methods and principles according to which the statement is to be prepared, or

(d)additional information that is to accompany the statement.

(3) The Commission must submit HEFCW’s statement of accounts to the Welsh Ministers and the Auditor General for Wales by 30 November 2024.

(4) The Auditor General for Wales must examine, certify and report on HEFCW’s statement of accounts and lay a copy of that report and statement before Senedd Cymru.