SCHEDULES

F1F1SCHEDULE 5

Annotations:

Accounts

I19

1

The Board shall keep proper accounts of all sums received and paid by it and proper records in relation to those accounts.

2

The Board shall appoint auditors and cause its accounts to be audited annually by the auditors.

3

As soon as is practicable after the accounts for any period have been audited, the Board shall cause them to be published and shall send a copy of them to the F3Secretary of State together with a copy of any report of the auditors on the accounts.

F24

No person shall be appointed as an auditor under this paragraph unless he is eligible for appointment as a F4statutory auditor under Part 42 of the Companies Act 2006 or is a member of the Chartered Institute of Public Finance and Accountancy.