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SCHEDULES

SCHEDULE 1Constitution etc

Accounts

15(1)The Commission shall—

(a)keep proper accounts and proper records in relation to the accounts,

(b)prepare a statement of accounts in respect of each accounting year, and

(c)send copies of the statement to the Secretary of State and the Comptroller and Auditor General not later than the 31st August following the end of the accounting year to which it relates.

(2)The Comptroller and Auditor General shall examine, certify and report on the statement of accounts and shall lay copies of the statement and of his report before each House of Parliament.

(3)The Commission’s accounting year is the twelve months ending with 31st March.

(4)The Commission’s first accounting year shall be the period of not more than 12 months beginning with the Commission’s establishment and ending with 31st March.