s 2C Accounts
(1) The Council shall— (a) keep accounts, and (b) prepare a statement of accounts in respect of each calendar year, in such form as the Privy Council may determine in writing. (2) The Council shall appoint an auditor to audit each statement of accounts prepared in accordance with subsection (1)(b), and the auditor must prepare a report on each statement of accounts. (3) The auditor appointed must be eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006 . (4) The Council shall, as soon as reasonably practicable after the end of each calendar year— (a) publish the statement of accounts for that year, together with the auditor’s report on it; and (b) send a copy of the statement of accounts and the report to the Privy Council, the Comptroller and Auditor General and the Auditor General for Scotland . (5) The Comptroller and Auditor General shall examine, certify and report on each statement of accounts received under subsection (4) and for these purposes may inspect accounts kept by the Council in accordance with subsection (1)(a). (6) The Comptroller and Auditor General shall send a copy of each report prepared by him under subsection (5) to the Council and the Privy Council. (7) The Privy Council shall, as soon as reasonably practicable after the end of each calendar year, lay before each House of Parliament and the Scottish Parliament a copy of— (a) the statement of accounts for that year as certified by the Comptroller and Auditor General; (b) the auditor’s report for that year; and (c) the report of the Comptroller and Auditor General for that year.