Accounts and audit
4.—(1) It is the duty of the Secretary of State to take such action as may be necessary for the winding up of the affairs of the Commission, including the preparation of a statement of accounts for the period beginning on 1st April 2012 and ending on the commencement date.
(2) The Secretary of State must send a copy of the statement of accounts referred to in paragraph (1) to the Comptroller and Auditor General before the end of the period of five months beginning with the commencement date.
(3) The Comptroller and Auditor General must—
(a)examine, certify and report on the statement of accounts received under paragraph (2); and
(b)send a copy of that report and certified statement to the Secretary of State.
(4) The Secretary of State must lay before Parliament a copy of the report and statement sent under paragraph (3)(b).