The Accounts and Audit (Amendment) (England) Regulations 2001

• Citation: S.I. 2001/3244
• Sections: 6

Section 1 Citation, commencement and extent

(1) These Regulations may be cited as the Accounts and Audit (Amendment) (England) Regulations 2001 and shall come into force on 23rd October 2001.

(2) These Regulations extend to England only.

Section 2 Interpretation

In regulation 2(1) of the Accounts and Audit Regulations 1996 (“the 1996 Regulations ”) , in the definition of “relevant body” there is inserted after “health service body” the words “, a local probation board” .

Section 3 Statement of Accounts

(1) Regulation 6(3) of the 1996 Regulations is amended as follows.

(2) There is inserted after sub-paragraph (b)—

(ba) The Greater London Authority;

(bb) a functional body;

(bc) the London Pensions Fund Authority;

(3) There is inserted after sub-paragraph (h)—

(ha) the Greater London Magistrates Courts Authority.

(4) Sub-paragraph (k) is omitted.

Section 4 Summary statement of accounts—Greater London Authority

After regulation 6 of the 1996 Regulations there is inserted—

Summary statement of accounts—Greater London Authority

(6A) The summary statement of accounts which the Greater London Authority (“the Authority”) is required to prepare by section 134 of the Greater London Authority Act 1999 shall be prepared in accordance with proper practices and shall include—

(a) a summary of the income and expenditure of the Authority;

(b) a summary of the income and expenditure of each of the functional bodies and the London Pensions Fund Authority;

(c) a summary of the capital expenditure of the Authority; and

(d) a summary of the capital expenditure of each of the functional bodies and the London Pensions Fund Authority.

Section 5 Other Accounting Statements

In regulation 7 of the 1996 regulations, in paragraphs (3) and (4), for “£5000” substitute “£50,000”.

Section 6 Publication of Annual Audit Letter

After Regulation 16 of the 1996 Regulations there is inserted—

Publication of Annual Audit Letter

(16A) As soon as reasonably possible after it is received a relevant body shall—

(a) publish the annual audit letter received from the auditor; and

(b) keep copies available for purchase by any person on payment of such sum as the relevant body may reasonably require.