SCHEDULES
F1SCHEDULE 1The Parliamentary Works Sponsor Body
PART 2Powers, procedure, reporting etc
Accounts and audit
25
1
The Sponsor Body must keep proper accounts and proper records in relation to them.
2
The Sponsor Body must prepare a statement of accounts for each financial year in accordance with directions given to it by the Treasury.
3
The directions that the Treasury may give under sub-paragraph (2) include, for example, directions as to—
a
the content and form of the statement of accounts,
b
the methods and principles to be applied in preparing it, and
c
the additional information (if any) that is to be provided for the information of Parliament.
4
The chief executive officer is to be the Sponsor Body's accounting officer (but see paragraph 26).
5
The accounting officer is to have, in relation to the Sponsor Body's accounts and finance, the responsibilities that are from time to time specified by the Sponsor Body.
6
The reference in sub-paragraph (5) to responsibilities includes—
a
responsibilities in relation to the signing of accounts;
b
responsibilities for the propriety and regularity of the Sponsor Body's finances;
c
responsibilities for the economy, efficiency and effectiveness with which the Sponsor Body's resources are used;
d
responsibilities in relation to the appointment of the Delivery Authority's accounting officer.
7
The Sponsor Body must send a copy of the statement of accounts for a financial year to the Comptroller and Auditor General as soon as practicable after the end of that year.
8
The Comptroller and Auditor General must—
a
examine, certify and report on the statement of accounts, and
b
send a copy of the certified statement and of the report to the Sponsor Body as soon as practicable.
9
The Sponsor Body must, in respect of each financial year, lay before Parliament a copy of the certified statement and report sent under sub-paragraph (8)(b).
26
1
If the chief executive officer is unable to discharge the chief executive officer's responsibilities as accounting officer, the Sponsor Body must nominate a member of its staff to be the accounting officer for as long as the chief executive officer is so unable.
2
If the office of chief executive officer is vacant, the Sponsor Body must nominate a member of its staff to be the accounting officer for as long as the office of chief executive officer remains vacant.
Sch. 1 ceases to have effect (1.1.2023) by virtue of The Parliamentary Works Sponsor Body (Abolition) Regulations 2022 (S.I. 2022/1360), regs. 1, 9(2)(a) (with reg. 11)