Water Services Act 2013

17.

Accounts of subsidiary.

17.— (1) Without prejudice to the requirements of the Companies Acts in relation to balance sheets and accounts, the subsidiary shall keep in such form as may be approved by the Minister, with the consent of the Minister for Communications, Energy and Natural Resources and the Minister for Public Expenditure and Reform, all proper and usual accounts of all money received or expended by it and, in particular, shall keep in such form as aforesaid all such special accounts as the Minister may, with the consent of the Minister for Communications, Energy and Natural Resources and the Minister for Public Expenditure and Reform, from time to time direct.

(2) Accounts kept by the subsidiary in pursuance of this section shall, not later than the expiration of 6 months from the end of the financial year to which they relate or on such earlier date as the Minister may, from time to time, specify, be submitted for audit to an auditor appointed by the subsidiary for that purpose and, immediately after the audit a copy of the accounts, and of such other accounts (if any) as the Minister, after consultation with the Minister for Communications, Energy and Natural Resources and the Minister for Public Expenditure and Reform, may direct, shall be presented to the Minister who shall, as soon as may be after the presentation of those copies to him or her, cause copies thereof to be laid before each House of the Oireachtas.

(3) The subsidiary shall pay to an auditor appointed under this section to audit the accounts of the subsidiary such fees as are approved by the Minister with the consent of the Minister for Communications, Energy and Natural Resources and the Minister for Public Expenditure and Reform.