|
|
|
Accounts and audits
|
| |
47. (1) The regulator shall submit estimates of income and expenditure to the Minister in such form, in respect of such periods and at such times as may be required by the Minister.
|
|
| |
(2) The regulator shall provide the Minister with any information that the Minister requires in relation to the estimates (including proposals and future plans for the performance of the regulator’s functions).
|
|
| |
(3) The regulator shall keep all proper and usual books or other records of account (“accounts”) of—
|
|
| |
(a) money received or expended by the regulator, and
|
|
| |
(b) all property, assets and liabilities of the regulator.
|
|
| |
(4) The accounts shall—
|
|
| |
(a) include an income and expenditure account and a balance sheet,
|
|
| |
(b) include any special accounts the Minister may direct, and
|
|
| |
(c) be kept in such form as may be approved by the Minister with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform.
|
|
| |
(5) The chief executive and other staff of the regulator shall—
|
|
| |
(a) comply with any request of the Minister to permit a person appointed by the Minister to examine the accounts,
|
|
| |
(b) facilitate any examination, and
|
|
| |
(c) pay such fee as may be fixed by the Minister.
|
|
| |
(6) The accounts in respect of each financial year shall be signed by the chief executive and submitted to the Comptroller and Auditor General for audit—
|
|
| |
(a) as soon as practicable, and
|
|
| |
(b) in any event, not later than 3 months after the end of the financial year.
|
|
| |
(7) A copy of the accounts together with a copy of the report of the Comptroller and Auditor General shall be presented by the regulator to the Minister as soon as reasonably practicable.
|
|
| |
(8) The Minister shall cause copies of the accounts and report to be laid before each House of the Oireachtas—
|
|
| |
(a) as soon as practicable, and
|
|
| |
(b) in any event, not later than 3 months after receipt.
|
