13(1)NICE must keep proper accounts and proper records in relation to the accounts.E+W
(2)The Secretary of State may, with the approval of the Treasury, give directions to NICE as to—
(a)the content and form of its accounts, and
(b)the methods and principles to be applied in the preparation of its accounts.
(3)In sub-paragraph (2) a reference to accounts includes NICE's annual accounts prepared under paragraph 14 and any interim accounts prepared by virtue of paragraph 15.
Commencement Information
I1Sch. 16 para. 13 partly in force; Sch. 16 para. 13 in force for specified purposes at Royal Assent, see s. 306(1)(d)
I2Sch. 16 para. 13 in force at 1.4.2013 in so far as not already in force by S.I. 2013/160, art. 2(2) (with arts. 7-9)
14(1)NICE must prepare annual accounts in respect of each financial year.E+W
(2)NICE must send copies of the annual accounts to the Secretary of State and the Comptroller and Auditor General within such period after the end of the financial year to which the accounts relate as the Secretary of State may direct.
(3)The Comptroller and Auditor General must—
(a)examine, certify and report on the annual accounts, and
(b)lay copies of them and the report before Parliament.
Commencement Information
I3Sch. 16 para. 14 partly in force; Sch. 16 para. 14 in force for specified purposes at Royal Assent, see s. 306(1)(d)
I4Sch. 16 para. 14 in force at 1.4.2013 in so far as not already in force by S.I. 2013/160, art. 2(2) (with arts. 7-9)
15(1)The Secretary of State may, with the approval of the Treasury, direct NICE to prepare accounts in respect of such period or periods as may be specified in the direction (“interim accounts”).E+W
(2)NICE must send copies of any interim accounts to the Secretary of State and the Comptroller and Auditor General within such period as the Secretary of State may direct.
(3)The Comptroller and Auditor General must—
(a)examine, certify and report on any interim accounts sent by virtue of sub-paragraph (2), and
(b)if the Secretary of State so directs—
(i)send a copy of the report on the accounts to the Secretary of State, and
(ii)lay copies of them and the report before Parliament.
Commencement Information
I5Sch. 16 para. 15 partly in force; Sch. 16 para. 15 in force for specified purposes at Royal Assent, see s. 306(1)(d)
I6Sch. 16 para. 15 in force at 1.4.2013 in so far as not already in force by S.I. 2013/160, art. 2(2) (with arts. 7-9)