Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 6
6
Fourth purpose: enable councillors and officers to understand financial activity for informed decisions
Conclusion
We believe that the fourth purpose of local authority accounts is: To enable councillors and officers inside the authority to understand the financial activity, financial position, financial sustainability, and resilience of the authority, so that they can make informed decisions and run that authority efficiently and effectively. (Paragraph 42) Financial Reporting and Audit in Local Authorities 35
Government Response
A response document is linked to this report, dated 5 February 2024. Response attribution to this conclusion has not been verified. Read the response document ↗