The IBCA is required to keep proper accounts and prepare a statement of accounts in each financial year. It is required to prepare these accounts in the form, with the content, and using methods and principles, determined by the Secretary of State or the Minister for the Cabinet Office. The IBCA must send its annual accounts to the Secretary of State or the Minister for the Cabinet Office and the Comptroller and Auditor General as soon as is practicable at the end of the relevant year. The Comptroller and Auditor General is responsible for examining, certifying and reporting on the accounts and for laying copies of the audited accounts (and his report on them) to the Secretary of State to be laid before Parliament.
Schedules Schedule 1: Infected Blood Compensation Authority Accounts and audit