Simple terms explainer

Councils have a duty to prepare annual accounts showing all income, spending, assets, and liabilities, and to have these accounts independently audited. Councils must provide auditors with the information and access they need, and respond to any findings or recommendations. This ensures transparency, accountability, and public confidence in how councils manage public money.

Legal status

Statutory


Duty category

Finance

Corporate services


Duty type

Compliance


Social Determinant of Health

Economic stability

Emerging policy and legislation


0

Bodies with shared interest

Audit Scotland
Accounts Commission
Chartered Institute of Public Finance and Accountancy (CIPFA)

Standards and frameworks


2