Schedules

F1Schedule A1The Institute for Apprenticeships

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Amendments (Textual)

Accounts and reports

11

1

The IfA must—

a

keep proper accounts and proper records in relation to its accounts, and

b

prepare in respect of each financial year a statement of accounts.

2

Each statement of accounts must comply with any directions given by the Secretary of State as to—

a

the information to be contained in it,

b

the manner in which such information is to be presented, or

c

the methods and principles according to which the statement is to be prepared.

3

The IfA must send a copy of each statement of accounts to—

a

the Secretary of State, and

b

the Comptroller and Auditor General,

before the end of the month of August following the financial year to which the statement relates.

4

The Comptroller and Auditor General must—

a

examine, certify and report on each statement of accounts, and

b

send a copy of each report and certified statement to the Secretary of State.

5

The Secretary of State must lay before Parliament—

a

a copy of each statement sent to the Secretary of State under sub-paragraph (3), and

b

a copy of each report and certified statement sent to the Secretary of State under sub-paragraph (4).

6

Financial year” has the meaning given by section ZA6(6) (annual and other reports).