Fóir Teoranta (Dissolution) Act, 1990

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Final accounts of Company and accounts of Corporation in relation to transferred assets and liabilities.

7.—(1) (a) As soon as may be after the commencement of this Act, the Corporation shall cause to be prepared in such form as may be approved of by the Minister all proper and usual accounts of all moneys received or expended by the Company in the accounting year, or the part of an accounting year, of the Company ending immediately before such commencement and any special account specified by the Minister in relation to those moneys.

(b) Accounts prepared pursuant to this subsection shall be submitted as soon as may be by the Corporation to an auditor for audit and, immediately after the audit, a copy of the profit and loss account and of the balance sheet and of such other (if any) of the accounts as the Minister may direct and a copy of the auditor's report on the accounts shall be presented to the Minister who shall cause copies thereof to be laid before each House of the Oireachtas.

(2) (a) The Corporation shall keep in such form as may be approved of by the Minister all proper and usual accounts of all moneys received or expended by it including a profit and loss account and a balance sheet in relation to the assets and liabilities transferred to it by this Act.

(b) Accounts kept pursuant to this subsection shall be submitted annually by the Corporation to an auditor for audit and, immediately after the audit, a copy of the profit and loss account and of the balance sheet and a copy of the auditor's report on the accounts shall be presented to the Minister who shall cause copies thereof to be laid before each House of the Oireachtas.