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