SCHEDULES
SCHEDULE 1Office for Budget Responsibility
Accounts and audit
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1
The Office must—
a
keep proper accounts and proper records in relation to its 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 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, and
c
the additional information (if any) which is to be provided for the information of Parliament.
3
The Office must send a copy of each statement of accounts to—
a
the Treasury, and
b
the Comptroller and Auditor General,
before the end of the month of June 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, and
b
send a copy of each report and certified statement to the Treasury.
5
The Treasury must lay before Parliament a copy of each such report and certified statement.
6
“Financial year” has the same meaning as in paragraph 15.
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The Office must keep under review whether its internal financial controls secure the proper conduct of its financial affairs.