- Latest available (Revised)
- Original (As enacted)
The term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either:
Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.
There are outstanding changes not yet made by the legislation.gov.uk editorial team to Government Resources and Accounts Act 2000. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
This section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.
This section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.
Commencement Orders bringing legislation that affects this Act into force:
(1)The Treasury shall prepare in respect of each financial year a set of accounts for a group of bodies each of which appears to the Treasury—
(a)to exercise functions of a public nature, or
(b)to be entirely or substantially funded from public money.
(2)Accounts prepared under this section may include information referring wholly or partly to activities which—
(a)are not activities of bodies falling within subsection (1), but
(b)appear to the Treasury to be activities of a public nature.
(3)The accounts shall contain such information in such form as the Treasury think fit.
(4)In determining the form and content of the accounts the Treasury shall aim to ensure that the accounts—
(a)present a true and fair view, and
(b)conform to generally accepted accounting practice subject to such adaptations as are necessary in the context.
(5)For the purpose of subsection (4)(a) and (b) the Treasury shall in particular—
(a)have regard to any relevant guidance issued by the Accounting Standards Board Limited or any other body prescribed for the purposes of section 256 of the M1Companies Act 1985 (accounting standards), and
(b)ensure that the accounts include, subject to paragraph (a), a statement of financial performance, a statement of financial position and a cash flow statement.
Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.
(1)Where the Treasury intend the accounts under section 9 for a particular financial year to relate in part to a particular body which falls within section 9(1), the Treasury may by order designate that body for the purposes of this section in respect of that year.
(2)Where a body is designated in respect of a financial year it shall—
(a)prepare such financial information in relation to the year as the Treasury may request,
(b)present the information in such form as the Treasury may direct,
(c)arrange for the information to be audited, and
(d)deliver the information to the Treasury, in such manner and by such date in the next year as the Treasury may direct.
(3)Where a body is designated in respect of a financial year the Treasury may request it to—
(a)prepare specified financial information in relation to a specified part of the year,
(b)present the information in a specified form, and
(c)deliver the information to the Treasury in a specified manner by a specified date.
(4)A designated body shall comply with a request under subsection (3).
(5)A designated body shall comply with any direction of the Treasury as to the person or kind of person to be given responsibility for ensuring compliance with subsections (2) and (3).
(6)The Treasury may not designate a body if its activities relate entirely to Scotland.
(7)Before designating a body or giving a direction under subsection (5) the Treasury shall, where they think it appropriate, consult the National Assembly for Wales.
(8)The Treasury may make arrangements for the National Assembly for Wales or another body to—
(a)receive information provided under subsection (2) or (3),
(b)consolidate information received,
(c)arrange for the consolidation to be audited, and
(d)deliver the consolidation to the Treasury.
(9)Where arrangements under subsection (8) apply—
(a)a person carrying out an audit under subsection (2)(c) shall give a person carrying out an audit under subsection (8)(c) such information and explanations as he may reasonably require for the purposes of that provision, and
(b)subsections (2)(d) and (3)(c) shall have effect as if for a reference to the Treasury there were substituted a reference to a body specified by the Treasury.
(10)An order under subsection (1)—
(a)shall be made by statutory instrument, and
(b)shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(1)The Treasury shall send accounts under section 9 to the Comptroller and Auditor General.
(2)The Comptroller and Auditor General shall examine accounts sent to him under this section with a view to satisfying himself that they present a true and fair view.
(3)Where the Comptroller and Auditor General has conducted an examination of accounts he shall—
(a)certify them and issue a report, and
(b)send the certified accounts and the report to the Treasury.
(4)The Treasury shall lay accounts and reports received under subsection (3)(b) before the House of Commons.
(5)A person who acts as auditor for the purposes of section 10(2)(c) or (8)(c) shall give to the Comptroller and Auditor General such information and explanations as he may reasonably require for the purposes of this section.
(6)The Treasury shall by order specify dates by which the duties under subsections (1), (3)(b) and (4) shall be performed.
(7)Before making an order under subsection (6) the Treasury shall consult the Comptroller and Auditor General.
(8)An order under subsection (6)—
(a)shall be made by statutory instrument, and
(b)shall be subject to annulment in pursuance of a resolution of the House of Commons.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: