Transport (Re-Organisation of Córas Iompair Éireann) Act, 1986

Accounts and audits.

19.—(1) Each company shall keep all proper and usual accounts of all money 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 of his own motion or at the request of the Minister for Finance shall from time to time direct.

(2) The Minister, after consultation with the Minister for Finance, may direct the form in which a company's accounts are to be kept.

(3) The accounts of each company shall in each year be audited by an auditor to be appointed by the company with the approval of the Board, given with the consent of the Minister.

(4) Immediately after every audit each company shall send to the Board a copy of the accounts as passed by the auditor together with a copy of the auditor's report.

(5) The Board shall, within such period after the end of each accounting year as the Minister may direct, send to the Minister a copy of each of the said accounts and reports together with a report on the performance of the Board and each of the companies for that accounting year.

(6) The Minister shall cause a copy of every account and report furnished to him under subsection (5) to be laid before each House of the Oireachtas.

(7) Each company shall furnish the Board for transmission to the Minister with such information, accounts, statistics and returns as the Minister may from time to time require.