Financial Regulations govern the conduct of financial management by the Council. The Council is responsible in law for ensuring that its financial management is adequate and effective and that the Council has a sound system of internal control, which facilitates the effective exercise of the Council’s functions, including arrangements for the management of risk.
The Council’s accounting control systems must include measures:
- for the timely production of accounts;
- that provide for the safe and efficient safeguarding of public money;
- to prevent and detect inaccuracy and fraud; and
- identify the duties of Officers
These financial regulations demonstrate how the Council meets these responsibilities and requirements.