Accounts and audit
16(1)The Board shall in relation to grants received under paragraph 15—
(a)keep proper accounts and proper records in relation to the accounts; and
(b)prepare a statement of accounts in respect of each financial year.
(2)The statement of accounts shall contain such information and shall be in such form as the Secretary of State may determine.
(3)The Board shall send copies of the statement of 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 determine.
(4)The Comptroller and Auditor General shall—
(a)examine, certify and report on each statement of accounts received by him under this paragraph; and
(b)lay copies of the statement of accounts and of his report before each House of Parliament.