Article 21 Accounts and Audit

F1(1)

The Executive shall—

(a)

keep proper accounts and proper records in relation to the accounts; and

(b)

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

(2)

The statement of accounts shall—

(a)

be in such form; and

(b)

contain such information,

as the Department may, with the approval of the Department of Finance and Personnel, direct.

(3)

The Executive shall, within such period after the end of each financial year as the Department may direct, send copies of the statement of accounts relating to that year to—

(a)

the Department; and

(b)

the Comptroller and Auditor General for Northern Ireland.

(4)

The Comptroller and Auditor General shall—

(a)

examine, certify and report on every statement of accounts sent to him by the Executive under this Article; and

(b)

send a copy of his report to the Department.

(5)

The Department shall lay a copy of the statement of accounts and of the Comptroller and Auditor General's report before the Assembly.

(9)

The Executive may invest such money as is not immediately required for the purposes of the ExecutiveF2 in any investments in which trustees may invest under—

(a)

the general power of investment in section 3 of the Trustee Act (Northern Ireland) 2001 (as restricted by sections 4 and 5 of that Act); or

(b)

section 8(1)(a) of that Act (land).

Annotations

Textual amendments

F1: 2003 NI 5
F2: 2001 c. 14 (NI)

Notes on the whole Order

Textual amendments

F1: functions transf. by SR 1999/481