(1) The Pensions Ombudsman shall keep in such form as may be approved of by the Minister with the concurrence of the Minister for Public Expenditure and Reform all proper and usual accounts of all moneys received or expended by the Pensions Ombudsman, including an income and expenditure account and balance sheet and, in particular, shall keep all such special accounts as the Minister may from time to time direct.
(2) Accounts kept in pursuance of this section shall be submitted, not later than such day after the end of the financial year of the Pensions Ombudsman to which they relate as the Minister may specify, to the Comptroller and Auditor General for audit and a copy of the income and expenditure account and of the balance sheet and of such other (if any) of its accounts as the Minister may direct and a copy of the Comptroller and Auditor General's report on the accounts shall be presented to the Minister as soon as may be after the completion of the said audit and the Minist