Paragraph 9 I1

England and Wales

(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 F1Secretary of State together with a copy of any report of the auditors on the accounts.

F2(4)

No person shall be appointed as an auditor under this paragraph unless he is eligible for appointment as a F3statutory auditor under Part 42 of the Companies Act 2006 or is a member of the Chartered Institute of Public Finance and Accountancy.

Annotations

Textual amendments

F1: Words in Schs. 3-6 substituted (19.8.2003) by The Secretary of State for Constitutional Affairs Order 2003 (S.I. 2003/1887), art. 9, Sch. 2 para. 8(1)(d) (with arts. 6, 8)
F2: Sch. 5 para. 9(4) and (5) substituted (1.10.1991) by S.I. 1991/1997, reg. 2, Sch. para. 76(3)
F3: Words in Sch. 5 para. 9(4) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1), Sch. 1 para. 1(oo) (with arts. 6, 11, 12)

Commencement

I1: Sch. 5 para. 9 in force 1. 4. 1991 see s. 124(3) and S.I. 1991/608, art. 2, Sch.

Notes on Schedule 5

Textual amendments

F1: Sch. 5 repealed (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 208, 210, 211, Sch. 21 para. 100(b), Sch. 23 (with ss. 29, 192, 193); S.I. 2009/503, art. 2(d)(f)(vi)(bb)