Simple terms explainer
Councils must prepare and publish a clear record of how they’ve managed public money over the past year. This includes detailed financial accounts and a governance statement that explains how decisions were made, risks were managed, and services were delivered responsibly. It helps residents, auditors, and government bodies understand how well the council is performing and ensures transparency and accountability.
Legal status
Statutory
Duty category
Finance
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
3