Part 3

Scottish Water

Finances

Accounts and audit
45
1
Scottish Water must—
a
keep proper accounts and accounting records,
b
prepare for each financial year a statement of accounts giving a true and fair view of the state of its affairs and its income and expenditure, and
c
send the statement of accounts, by such time as the Scottish Ministers may direct, to the Auditor General for Scotland for auditing.
2
Every statement of accounts prepared by Scottish Water in accordance with this section must comply with any direction given by the Scottish Ministers relating to—
a
the information to be contained in the statement of accounts,
b
the manner in which that information is to be presented, or
c
the methods and principles according to which the statement of accounts is to be prepared.