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Statement of Accounts

Statement of Accounts

 The Council produces an annual Statement of Accounts after the end of each financial year. The accounts go through a rigorous and independent external audit process before being approved by the Audit and Governance Committee.

Approval of the Statement of Accounts is the responsibility of the full County Council.

The Statement of Accounts comprises Worcestershire County Council’s accounts and the Worcestershire County Council Pension Fund accounts.

The Council’s independently appointed External Auditor is currently the Audit Commission.

Codes of Practice

The Statement of Accounts is prepared in accordance with the Code of Practice on Local Authority Accounting in the United Kingdom and the Best Value Accounting Code of Practice both of which are issued by the Chartered Institute of Public Finance Accountancy.  

Comparability

The descriptions and accounting methodology used are consistent with best practice as applied across local government enabling Worcestershire’s accounts to be compared with other similar organisations with confidence.

Inspection of accounts, rights to question the auditor and object to the accounts

Each year the Council will advertise in local newspapers a 20 working day period when any interested person may inspect the accounts and supporting documents.  The right to inspect excludes documents that contain personal details about a member of staff, documents not relevant to the accounts, or those documents otherwise legally protected.

Once the accounts are advertised, they cannot be altered without the consent of the External Auditor.

People who are eligible to vote in Worcestershire, or their representative, also have the right to question the External Auditor about the accounts for the year they are auditing and to raise an objection if they think the Council has spent money unlawfully or has failed to tell the public about something that ought to have been reported.

The External Auditor will set a date after which any questions and objections can be made.  This ‘appointed date’ is advertised together with the 20 day inspection period.

Objections to the External Auditor must be made in writing, stating why the objection is raised.

Closedown Timetable

Each year, the closedown process broadly follows this outline timetable.

April 
The final transactions for the previous financial year are completed and entered into the Council’s finance system

May
The Statement of Accounts is prepared and the External Audit begins

June
Accounts approved by Audit and Governance committee with verbal confirmation of the External Auditor’s opinion on the accounts subject to any issues arising from the public inspection period

July
Public Inspection Period (20 working days) and ‘Appointed Date’

July/August
Final Audit Opinion received.  Statement of Accounts Published

Further Information

In this section

More Information

See also in our website

External websites

  • Audit Commission
    appoint auditors to councils, NHS bodies, police authorities and other local public services in England, and oversee their work.  
  • CIPFA
    CIPFA is the professional body for people in public finance  
  • GOV.UK
    View the GOV.UK Money and Tax pages.
  • Valuation Office 
    The valuation offices Council Tax pages

See more Central Government and Agencies Links and Financial Links

We are not responsible for the content of external sites. Read more

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This page was last reviewed 30 May 2014 at 15:40.
The page is next due for review 26 November 2015.