EDUCATION (AMENDMENT) ACT (NORTHERN IRELAND) 1956 - SECT 8 Audit and inspection of accounts of educational endowments.

	[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here: BAILII >> Databases >> Northern Irish Legislation >> EDUCATION (AMENDMENT) ACT (NORTHERN IRELAND) 1956

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

EDUCATION (AMENDMENT) ACT (NORTHERN IRELAND) 1956 - SECT 8

Audit and inspection of accounts of educational endowments.

8.(1) Every scheme in force under the
Educational Endowments (Ireland) Act, 1885 [or the Educational Endowments
(Confirmation of Schemes) Act (Northern Ireland) 1956], shall have effect as
if the provision contained therein with respect to the audit and inspection of
the accounts of any endowment dealt with by the scheme were to the following
effect:

"The governing body shall keep all proper and usual accounts of all moneys
received or expended by it and of all investments and other assets held by it,
and in particular shall keep all such accounts as the Ministry of Finance may
direct, and in relation to those accounts the following provisions shall have
effect:

(a)The governing body shall prepare an annual statement of accounts in such
form and containing such particulars and compiled from such records and in
such manner as the Ministry of Finance may direct.

(b)The accounts for each year shall be audited by a person to be appointed by
the governing body with the approval of the Ministry of Finance.

(c)The governing body shall pay the fees of the auditor and the expenses of
the audit.

(d)The Ministry of Finance may at any time require that the governing body
shall submit to the said Ministry the audited accounts for any year.

(e)The accounts so submitted may be made available by the Ministry for
inspection, during normal office hours, by any person who satisfies the
Ministry that he has a bona fide interest in the proper administration of the
endowments to which the accounts relate.

(f)Such books and records of the governing body as relate to the accounts of
any year shall be open to inspection, at such times as the Ministry of Finance
may direct, by an inspector of, or other person appointed by, the said
Ministry."

Subs.(2) rep. by 1972 NI 12 art.127 sch.16

Short title.

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/eai1956344/s8.html

Northern Irish Legislation

EDUCATION (AMENDMENT) ACT (NORTHERN IRELAND) 1956 - SECT 8