Accounts and auditE+W
16(1)SCW must for each financial year—E+W
(a)keep proper accounts and proper records in relation to them, and
(b)prepare a statement of accounts.
(2)Each statement of accounts must comply with any directions given by the Welsh Ministers as to—
(a)the information to be contained in it,
(b)the manner in which the information is to be presented, and
(c)the methods and principles according to which the statement is to be prepared.
(3)No later than 31 August after the end of each financial year SCW must submit its statement of accounts to—
(a)the Welsh Ministers, and
(b)the Auditor General for Wales.
(4)The Auditor General for Wales must—
(a)examine, certify and report on the statement of accounts, and
(b)no later than 4 months after the statement was submitted, lay before the National Assembly for Wales a copy of the certified statement and report.
Commencement Information
I1Sch. 2 para. 16 in force at 3.4.2017 by S.I. 2017/309, art. 2(b) (with arts. 3, 4, Sch.)