(1) The Scottish Ministers may by order provide for the accounts of a company having its registered office in Scotland to be audited by the Auditor General for Scotland.
(2) An order under subsection (1) may be made in relation to a company only if it appears to the Scottish Ministers that the company—
(a) exercises in or as regards Scotland functions of a public nature none of which relate to reserved matters (within the meaning of the Scotland Act 1998 (c 46)), or
(b) is entirely or substantially funded from a body having accounts falling within paragraph (a) or
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