An Bord Bia Act, 1994

Accounts and audits.

21.—(1) The Board shall keep in such form and in respect of such accounting periods as may be approved of by the Minister, with the consent of the Minister for Finance, all proper and usual accounts of moneys received or expended by it, including an income and expenditure account, a cash flow statement and a balance sheet, and in particular, shall keep in such form as aforesaid all such special accounts as the Minister may, or at the request of the Minister for Finance shall, from time to time direct and the Board shall ensure that separate accounts shall be kept and presented to the Board by any subsidiary board that may be established by the Board under this Act and these accounts shall be incorporated in the general statement of account of the Board.

(2) Accounts kept in pursuance of this section shall be submitted annually and not later than three months after the end of each accounting period by the Board to the Comptroller and Auditor General for audit and, immediately after the audit, a copy of the accounts, statement and balance sheet and of such other (if any) of the accounts kept pursuant to this section as the Minister, after consultation with the Minister for Finance, may direct and a copy of the Comptroller and Auditor General'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.

(3) In this section “cash flow statement” means an account showing the derivation of the funds of the Board and the purposes to which they are applied.