Transport Act, 1950

Accounts and audit.

34.—(1) (a) The Board shall keep all proper and usual accounts of all moneys received or expended by it, including a capital account, revenue account, profit and loss account, and a balance sheet, and in particular shall keep all such special accounts as the Minister on his own motion or at the request of the Minister for Finance shall from time to time direct.

(b) the Minister, after consultation with the Minister for Finance, may direct the form in which the Board's accounts are to be kept.

(2) (a) The accounts of the Board shall in each year be audited by an auditor or auditors to be appointed annually by the Board with the consent of the Minister.

(b) The fees of an auditor appointed under this subsection and the expenses of the audit shall be paid by the Board.

(3) Immediately after every audit under this section the Board shall send to the Minister a copy of the accounts as passed by the auditor or auditors together with a copy of any report thereon by the auditor or auditors.

(4) The Minister shall cause a copy of the accounts and any report furnished to him under subsection (3) of this section to be laid before each House of the Oireachtas.

(5) The Board shall compile and render to the Minister in such manner and form as he may direct such accounts, statistics and returns as he may from time to time require.