28.This section sets out the accounting systems and procedures that are required in respect of police funding.  It replaces section 12 of the 1998 Act, with some amendment.  The Policing Board is required to keep proper accounts and records of police expenditure and to prepare an annual statement of accounts.  Subsection (2) requires these Board functions to be exercised by the Chief Constable.  He is required to submit the statement of accounts to the Board.  Subsection (5) requires the Policing Board to send the statement of accounts to the Secretary of State and the Comptroller and Auditor General for certification.
Commentary Part Ii: the Northern Ireland Policing Board Section 12: Accounts and Audit