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13(1)LBRO must keep proper accounts and proper records in relation to the accounts.
(2)LBRO must prepare a statement of accounts for each financial year.
(3)The statement of accounts must comply with any directions given by the Secretary of State with the consent of the Treasury as to—
(a)the information to be contained in the statement;
(b)the form which the statement is to take;
(c)the manner in which the information is to be presented;
(d)the methods and principles according to which the statement is to be prepared.
(4)LBRO must send copies of the statement of accounts to the Secretary of State and the Comptroller and Auditor General within such period as the Secretary of State directs.
(5)The Comptroller and Auditor General must—
(a)examine, certify and report on the statement of accounts received under sub-paragraph (4), and
(b)send a copy of the certified statement and report to the Secretary of State as soon as possible.
(6)The Secretary of State must lay before Parliament a copy of each certified statement and report received under sub-paragraph (5)(b).
(7)LBRO must send a copy of the statement of accounts to the Auditor General for Wales within such period as the Welsh Ministers direct.
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