Section 409: Annual financial statement and audit.

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part XIV: Public Administration (England and Wales)

The National Debt Commissioners shall for each year ending on 31st March prepare a statement of the sums credited and debited to the Investment Account in such form and manner as the Treasury may direct and shall transmit it to the Comptroller and Auditor General before the end of November next following the year.

The Secretary of State shall for each year ending 31st March prepare a statement of the sums received or paid by him under section 403 above in such form and manner as the Treasury may direct and shall transmit each statement to the Comptroller and Auditor General before the end of November next following the year.

Every such statement shall include such additional information as the Treasury may direct.

The Comptroller and Auditor General shall examine, certify and report on every such statement and shall lay copies of it, and of his report, before Parliament.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.