(1)This section applies in respect of a financial year for which the Treasury make arrangements with the Welsh Ministers under section 10(8) of the Government Resources and Accounts Act 2000 (c. 20) (whole of government accounts: consolidation of Welsh accounts).
(2)The Welsh Ministers must prepare a set of accounts for the group of bodies which provide information to the Welsh Ministers in accordance with the arrangements under section 10(8).
(3)Accounts prepared under this section may include information referring wholly or partly to activities which—
(a)are not activities of bodies falling within subsection (2), but
(b)appear to the Welsh Ministers to be activities of a public nature.
(4)The accounts must contain such information in such form as the Treasury may direct.
(5)The Treasury must exercise the power under subsection (4) with a view to ensuring 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.
(6)For the purposes of subsection (5)(a) and (b) the Treasury must 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 Companies Act 1985 (accounting standards) or to international accounting standards (as defined in section 262 of that Act), and
(b)require the accounts to include, subject to paragraph (a), a statement of financial performance, a statement of financial position and a cash flow statement.
(7)Any accounts which the Welsh Ministers are required to prepare under this section for any financial year must be submitted by the Welsh Ministers to the Auditor General no later than 30th November in the following financial year.
(8)But the Welsh Ministers may by order substitute another date for the date for the time being specified in subsection (7).
(9)No order may be made under subsection (7) unless the Welsh Ministers have consulted—
(a)the Treasury, and
(b)the Auditor General.
(10)A statutory instrument containing an order under subsection (7) is subject to annulment in pursuance of a resolution of the Assembly.
Commencement Information
I1This provision in force immediately after "the 2007 election" by s. 161(1) (subject to s. 161(4)(5))
(1)The Auditor General must examine accounts submitted under section 141 with a view to being satisfied that they present a true and fair view.
(2)Where the Auditor General has conducted an examination of accounts under subsection (1), the Auditor General must—
(a)certify them and issue a report, and
(b)no later than four months after the accounts are submitted, lay before the Assembly a copy of them as certified by the Auditor General together with the Auditor General's report on them.
(3)A person who acts as auditor for the purposes of section 10(2)(c) or (8)(c) of the Government Resources and Accounts Act 2000 (c. 20) must give the Auditor General such information and explanations as the Auditor General may reasonably require for the purposes of this section.
Commencement Information
I2This provision in force immediately after "the 2007 election" by s. 161(1) (subject to s. 161(4)(5))