Statement of accounts
The Council produces an annual Statement of Accounts after the end of each financial year.
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 Grant Thornton.
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.