[F19(1)The Council shall prepare, in respect of each financial year, a statement of accounts giving a true and fair view of the state of affairs and the income and expenditure of the Council.U.K.
(2)The statement of accounts shall comply with any requirement which the Secretary of State has notified to the Council.
(3)The Council shall, within such period after the end of the financial year to which it relates as the Secretary of State may specify by notice given to the Council, send copies of each statement of accounts of the Council to—
(a)the Secretary of State and the Assembly; and
(b)the Comptroller and Auditor General.
(4)The Comptroller and Auditor General shall—
(a)examine, certify and report on every statement sent to him under sub-paragraph (3) above; and
(b)lay a copy of the statement and of his report before each House of Parliament.]
Textual Amendments
F1Sch. 3A inserted (1.10.2005) by Water Act 2003 (c. 37), ss. 35(2), 105(3), Sch. 2; S.I. 2005/2714, art. 2(a)(i) (with Sch. para. 8)