14(1)The Council must—
(a)keep proper accounts and proper records in relation to them;
(b)prepare a statement of accounts in respect of each financial year of the Council;
(c)send copies of the statement to the Secretary of State and to the Comptroller and Auditor General before the end of August next following the financial year to which the statement relates.
(2)The statement of accounts must comply with any directions given by the Secretary of State as to—
(a)the information to be contained in it;
(b)the manner in which the information is to be presented;
(c)the methods and principles according to which the statement is to be prepared.
(3)The statement of accounts must contain such additional information as the Secretary of State may require to be provided for the information of Parliament.
(4)The Comptroller and Auditor General must—
(a)examine, certify and report on each statement received by him under this paragraph;
(b)lay copies of each statement and of his report before each House of Parliament.