Paragraph 7 AccountsI1

Scotland

(1)

The GTCS must—

(a)

keep proper accounts and accounting records;

(b)

prepare for each financial year a statement of accounts;

(c)

publish each statement of accounts in such ways as it thinks fit; and

(d)

have its accounts independently audited each financial year by auditors appointed by the GTCS.

(2)

In this paragraph, “financial year” means each period of a year ending on 31st March.

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