Regulation 6 Review of internal control system

(1)

A relevant authority must, each financial year—

(a)

conduct a review of the effectiveness of the system of internal control required by regulation 3; and

(b)

prepare an annual governance statement;

(2)

If the relevant authority referred to in paragraph (1) is a Category 1 authority, following the review, it must—

(a)

consider the findings of the review required by paragraph (1)(a)—

(i)

by a committee; or

(ii)

by members of the authority meeting as a whole; and

(b)

approve the annual governance statement prepared in accordance with paragraph (1)(b) by resolution of—

(i)

a committee; or

(ii)

members of the authority meeting as a whole.

(3)

If the relevant authority referred to in paragraph (1) is a Category 2 authority, following the review it must—

(a)

consider the findings of the review by members of the authority meeting as a whole; and

(b)

approve the annual governance statement prepared in accordance with paragraph (1)(b) by resolution of members of the authority meeting as a whole.

(4)

The annual governance statement, referred to in paragraph (1)(b) must be—

(a)

approved in advance of the relevant authority approving the statement of accounts in accordance with regulations 9(2)(b) or 12(2)(b) (as the case may be); and

(b)

prepared in accordance with proper practices in relation to accounts M1.

Annotations

Marginal citations

M1: See section 21 of the Local Government Act 2003 (c.26) for the definition of “proper practices in relation to accounts”.