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Accounts. 50.(1) The Council shall keep in such form as the Ministry may direct (a)accounts of all moneys received otherwise than from the Ministry and of all payments out of such moneys; and (b)accounts of all moneys received from the Ministry and of payments out of such moneys. (2) The Council shall prepare and transmit to the Ministry in respect of each financial year statements of accounts in such form as the Ministry may, with the approval of the Ministry of Finance, direct and those accounts shall be audited by auditors appointed by the Ministry. (3) The Ministry may give directions generally with respect to the audit of the accounts of the Council and, in particular, may confer on the auditor of any of those accounts such right of access to, and production of books, accounts, vouchers and other documents as may be specified in the directions, and such right to require from any member or officer, or former member or officer, of the Council such information relating to its affairs as the Ministry may think necessary for the proper performance of the duty of the auditors under this Act. (4) The Ministry shall transmit to the Comptroller and Auditor General the Council's annual statement of accounts in relation to moneys received by it from the Ministry and payments out of such moneys and the Comptroller and Auditor General shall examine and certify that statement and lay copies of the statement and his report thereon before each House of Parliament. (5) The Comptroller and Auditor General may examine any accounts and records kept under subsection (1)(b) and any report of an auditor appointed under subsection (2) on any statement of accounts prepared for them.
© 1970 Crown Copyright
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