Part III Financial Provisions

Chapter V Financial Administration, Accounts and Audit

Accounts and audit

I1133 Application of the Audit Commission Act 1998.

1

In Schedule 2 to the M1Audit Commission Act 1998 (accounts subject to audit) in paragraph 1 (bodies to whose accounts section 2 applies) after paragraph (b) there shall be inserted—

bb

the Greater London Authority;

bc

a functional body;

bd

the London Pensions Fund Authority;

2

Schedule 8 to this Act (which makes further amendments of the M2Audit Commission Act 1998) shall have effect.

Annotations:
Commencement Information
I1

S. 133 wholly in force at 3.7.2000; s. 133 not in force at Royal Assent see s. 425(2); s. 133 in force for specified purposes at 8.5.2000 by S.I. 1999/3434, art. 3; s. 133 in force at 3.7.2000 insofar as not already in force by S.I. 1999/3434, art. 4

Marginal Citations

134 Summary statement of accounts of Authority and other bodies.

1

For each financial year the Authority shall prepare a summary statement of accounts.

2

The summary statement of accounts shall be in respect of the Authority, the functional bodies and the London Pensions Fund Authority.

3

Subsection (1) above is without prejudice to any other duty of the Authority, a functional body or the London Pensions Fund Authority to prepare accounts or statements of accounts.

4

Section 14 of the M3Audit Commission Act 1998 (inspection of statements of accounts and auditors’ reports) shall apply in relation to a summary statement of accounts required to be prepared under this section as it applies in relation to a statement of accounts prepared by the Authority under regulations under section 27 of that Act.

5

Sections 15 to 24 of the M4Audit Commission Act 1998 (public inspection etc and action by the auditor, and prevention of unlawful expenditure) shall not apply in relation to a summary statement of accounts required to be prepared under this section.

6

F1Section 27 of the M5Audit Commission Act 1998F1Section 32 of the Local Audit and Accountability Act 2014 (accounts and audit regulations) shall apply in relation to a summary statement of accounts required to be prepared under this section as it applies in relation to F2accounts or statements of accounts.

135 Information for purposes of section 134.

1

A body to which this section applies shall, at the request of the Mayor, provide the Authority with such information relating to any accounts or statement of accounts of the body as may be specified or described in the request.

2

The bodies to which this section applies are—

a

each of the functional bodies; and

b

the London Pensions Fund Authority.

3

The information shall be provided in such form and manner, and within such time, as may be specified in the request.

4

The information that may be requested under subsection (1) above is such information as may be required for the purpose of discharging the functions of the Authority under or by virtue of section 134 above.