In April 2007 a new CIPFA/SOLACE governance framework was introduced suggesting that governance arrangements should be reviewed annually and based on the principles of good governance as outlined in the new CIPFA/SOLACE framework. The review has been recently undertaken and members will consider the outcomes of that review in a separate report. The Executive Committee has agreed a revised local code of governance following that process.
The Accounts and Audit Regulations 2003 amended in 2006, required councils to review the 'effectiveness of their system of internal control'. To demonstrate this Council's had to include a Statement of Internal Control in the financial statements. However the new framework recognises that governance principles and management processes and systems are interrelated and as such Council's should demonstrate the degree to which councils follow these principles and this should be declared in an Annual Governance Statement (AGS). This statement has the backing of regulation 4 of the Accounts and Audit regulations 2007/08 and effectively subsumes the SIC.
Name: Gordon Fletcher, Audit Manager
Telephone: 0191 5270501 ext 4408
email: gordon.fletcher@easington.gov.uk |
Address: Internal Audit, Building 3/4, Council Offices , Seaside Lane , Easington Village , Peterlee , County Durham , SR8 3TN
Fax: 0191 5273857