Article 11 Accounts and audit
HPW must keep proper accounts and proper records in relation to the exercise of its functions.
HPW must prepare accounts for each financial year in such form as the Assembly may determine.
The accounts prepared by HPW for any financial year must be submitted to the Auditor General for Wales before the end of such period after the end of the financial year as the Assembly may direct.
The Auditor General for Wales must—
examine and certify accounts submitted to him under paragraph (3); and
lay before the Assembly a copy of them as certified together with a report on them.
The Auditor General for Wales may carry out examinations in to the economy, effiency and effectiveness with which HPW has used its resources in carrying out its functions.
Nothing in paragraph (5) shall be construed as entitling the Auditor General for Wales to question the merits of the policy objectives of HPW.
The Auditor General for Wales may lay before the Assembly a report of the results of any examination carried out by under paragraph (5).