Valid from 21/08/2012
Valid from 01/02/2013
AccountsS
12(1)NLS must—S
(a)keep proper accounts and accounting records,
(b)prepare in respect of each financial year a statement of accounts, and
(c)send a copy of the statement to the Scottish Ministers.
(2)NLS must comply with any directions which the Scottish Ministers give it in relation to the matters mentioned in sub-paragraph (1).
(3)NLS must send the statement of accounts to the Auditor General for Scotland for auditing.