National Health Service Act 2006

Accounts

25 (1) A public benefit corporation must prepare in respect of each financial year annual accounts in such form as the regulator may with the approval of the Treasury direct.

(2) In preparing its annual accounts, the corporation must comply with any directions given by the regulator with the approval of the Treasury as to—

(a) the methods and principles according to which the accounts must be prepared,

(b) the information to be given in the accounts.

(3) In determining the form and content of the annual accounts the regulator must aim to ensure that the accounts present a true and fair view.

(4) The corporation must—

(a) lay a copy of the annual accounts, and any report of the auditor on them, before Parliament, and

(b) once it has done so, send copies of those documents to the regulator.

(5) The constitution must provide for the functions of the corporation under this paragraph to be delegated to the accounting officer.

(6) In this paragraph and paragraph 27 “financial year” means—

(a) the period beginning with the date on which the corporation is authorised under section 35 and ending with the next 31st March, and

(b) each successive period of twelve months beginning with 1st April.