National Oil Reserves Agency Act 2007

Accounts and audit.

29.— (1) Without prejudice to the requirements of the Companies Acts in relation to proper books of account, the Agency shall keep, in such form as may be approved by the Minister with the consent of the Minister for Finance, all proper books and records of account of—

(a) all income received by it including the sources,

(b) all expenditure incurred by it, and

(c) its assets and liabilities.

(2) The Agency shall submit its accounts annually to the Comptroller and Auditor General for audit at such times as the Minister, with the consent of the Minister for Finance, shall direct.

(3) After the audit, the Agency shall present to the Minister the audited accounts together with the Comptroller and Auditor General’s report.

(4) The Minister shall cause copies of the documents presented under subsection (3) to be laid before each House of the Oireachtas not later than 6 months after the end of the financial year to which the audited accounts relate.