Schedule 1: The Parliamentary Works Sponsor Body Part 2: Powers, procedure, reporting etc. Accounts and audit
Paragraph 25 requires that the Sponsor Body keep proper accounts and records, and makes provision relating to the Sponsor Body’s accounts, the procedure for the audit of those accounts and the appointment of the Sponsor Body’s Chief Executive Officer as its accounting officer. The Sponsor Body must prepare a statement of accounts for each financial year in accordance with directions given to it by the Treasury. The Sponsor Body must then send a copy of its statement of accounts for a financial year to the Comptroller and Auditor General as soon as practicable after the end of that year. The Comptroller and Auditor General must examine and certify the statement of accounts, and send a copy of the certified statement together with a report to the Sponsor Body. Finally, the Sponsor Body must lay before Parliament a copy of the certified statement and of the Comptroller and Auditor General’s report.
	Paragraph 26 provides that the Sponsor Body must nominate a member of its staff to be accounting officer in the event that the Chief Executive Officer cannot perform this function, or the position of Chief Executive Officer is vacant.