# The Accounts and Audit Regulations 2015, Regulation 8: Narrative statements


(1) A Category 1 authority must prepare a narrative statement in accordance with paragraph (2) in respect of each financial year.
(2) A narrative statement prepared under paragraph (1) must include comment by the authority on its financial performance and economy, efficiency and effectiveness in its use of resources over the financial year.

---
Source: https://www.legislation.gov.uk/uksi/2015/234/regulation/8 (the official version)
Page: https://openlegislation.uk/accounts-and-audit-regulations-2015/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.