# New Towns Act 1981, Section 68: Audit.

Extent: E+W

(1) The accounts ... of every development corporation shall be audited by an auditor to be appointed annually by the Secretary of State in relation to the ... corporation.
(2) A person shall not be so appointed auditor unless he is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006.
(2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) As soon as the annual accounts of a development corporation for any financial year have been audited, the corporation shall send to the Secretary of State a copy of the accounts prepared by it for that year in accordance with this section, together with a copy of any report made by the auditor on those accounts.

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Source: https://www.legislation.gov.uk/ukpga/1981/64/section/68 (the official version)
Page: https://openlegislation.uk/new-towns-act-1981/section-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.