PART 2THE WALES AUDIT OFFICE AND ITS RELATIONSHIP WITH THE AUDITOR GENERAL

CHAPTER 1THE WALES AUDIT OFFICE

I1I413Incorporation of Wales Audit Office

1

There is to be a body corporate called the Wales Audit Office (“the WAO”).

2

Schedule 1 contains provision about the WAO.

I214Powers

The WAO may do anything (including acquiring or disposing of any property or rights and accepting gifts of money or other property) which is calculated to facilitate, or which is incidental or conducive to, the exercise of any of its functions.

I315Efficiency

The WAO must aim to carry out its functions efficiently and cost-effectively.