Simple terms explainer

Councils are required to maintain accurate financial records, operate an independent internal audit service, and publish their annual accounts in accordance with the CIPFA Code of Practice. Internal audit plays a vital role in assessing how well councils manage risks, finances, and decision-making. It operates independently from day-to-day activities and reports to senior leaders and the audit committee. Annual accounts must be approved and published by set deadlines and made available for public inspection and comment.