Schedule 2: The Delivery Authority Accounts and audit
Paragraph 9 requires that the Delivery Authority must keep proper accounts and records. The Sponsor Body will appoint one of the Delivery Authority’s executive directors as the Delivery Authority’s accounting officer, in consultation with the Delivery Authority. For each financial year, the Delivery Authority must prepare a statement of accounts, a copy of which must be sent to the Comptroller and Auditor General, who will examine, certify and report on them. The Sponsor Body must lay a copy of the certified statement and report before Parliament. The Delivery Authority is exempt from the requirements of Part 16 of the Companies Act 2006.
	Paragraph 10 provides that in the event that its appointed accounting officer cannot perform this function, the Delivery Authority must nominate a member of its staff to be its accounting officer. If there is no accounting officer, the Delivery Authority must nominate one of its executive directors to be its accounting officer.