5.—(1) As soon as reasonably practicable after the dissolution date, the Secretary of State must prepare a statement of accounts of the Authority in respect of the period beginning on 1st April 2014 and ending on the dissolution date (“the final accounts”).
(2) The final accounts must be prepared in accordance with any directions given to the Authority by the Secretary of State under paragraph 18 of Schedule 1 to the Act which had effect during the period covered by the final accounts.
(3) The Secretary of State must send a copy of the final accounts to the Comptroller and Auditor General.
(4) The Comptroller and Auditor General must examine, certify and report on the final accounts, and send a copy of that report to the Secretary of State.
(5) The Secretary of State must lay before Parliament a copy of the final accounts and the report prepared by the Comptroller and Auditor General.