Exchequer and Audit Departments Act, 1921

• Permanent Page URL

Preparation and examination of trading, &c. accounts.

5.—(1) There shall be prepared in each financial year, in such form and by such Government departments as the Treasury may from time to time direct or approve, statements of account showing the income and expenditure of any shipbuilding, manufacturing, trading, or commercial services conducted by the department, together with such balance sheets and statements of profit and loss and particulars of costs as the Treasury may require.

(2) All such accounts shall be transmitted to the Comptroller and Auditor General and presented to Parliament on or before the dates specified in that behalf in the First Schedule to this Act.

(3) All such accounts as aforesaid shall be examined by the Comptroller and Auditor General on behalf of the House of Commons and in his examination he shall have regard to any programme of works, ship-building or manufacture which may have been laid before Parliament, and shall certify and report on them to the House of Commons.