- Annually the Section 151 Officer will draw up a detailed timetable for final accounts preparation, approval and audit. This will be communicated to Officers and the External Auditor.
- The timetable will cover all areas relating to the closure of accounts and the deadlines by which each task should be complete.
- The preparation for closedown should include liaison between Accountancy Support Teams and Services to highlight the tasks where service input is required, e.g. submission of cash returns, stock and petty cash certificates and collating year end debtor and creditor information.
- Consistent with a policy of continuous improvement, the operation of the Financial Framework will be reviewed each year with a view to refining the rules for more efficient and effective operation.
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