SCHEDULES
SCHEDULE 1The Legal Services Board
Accounts
25
1
The Board must—
a
keep proper accounts and proper records in relation to the accounts, and
b
prepare in respect of each financial year a statement of accounts.
2
Each statement of accounts must comply with any directions given by the Lord Chancellor, with the approval of the Treasury, as to—
a
the information to be contained in it and the manner in which it is to be presented;
b
the methods and principles according to which the statement is to be prepared;
c
the additional information (if any) which is to be provided for the information of Parliament.
3
The Board must give a copy of each statement of accounts—
a
to the Lord Chancellor, and
b
to the Comptroller and Auditor General,
before the end of the month of August next following the financial year to which the statement relates.
4
The Comptroller and Auditor General must—
a
examine, certify and report on each statement of accounts which is received under sub-paragraph (3), and
b
give a copy of the Comptroller and Auditor General's report to the Lord Chancellor.
5
In respect of each financial year, the Lord Chancellor must lay before Parliament a document consisting of—
a
a copy of the statement of accounts for that year, and
b
a copy of the Comptroller and Auditor General's report on that statement.
6
“Financial year” means—
a
the period beginning with the day on which the Board is established and ending with the next following 31 March, and
b
each successive period of 12 months.