ANNEX D
ILLUSTRATIVE RESOURCE ACCOUNT FOR HM TREASURY
STATEMENT OF
ACCOUNTING OFFICER
RESPONSIBILITIES
1. Under Section 5 of the Exchequer and Audit
Department Act 1921 the Treasury Officer of Accounts has directed
HM Treasury to prepare a Statement of accounts for each financial
year in the form and on the basis set out in the accounts direction
in the Resource Accounting Manual. The accounts have been prepared
on an accruals basis and must give a true and fair view of the
Department's state of affairs at the year end of its income, expenditure
and cash flows for the financial year.
2. In preparing the accounts the Department
is required to:
(i) observe the accounts direction issued
by the Treasury Officer of Accounts, including the relevant accounting
and disclosure requirements, and apply suitable accounting policies
on a consistent basis.
(ii) Make judgements and estimates on a reasonable
basis.
(iii) State whether applicable accounting
standards have been followed and disclose and explain any material
departures in the financial statements.
(iv) Prepare the financial statements on
the going concern basis unless it is inappropriate to presume
that the Ministry will continue in operation.
3. The responsibilities of the Accounting Officer,
including his responsibility for the propriety and regularity
of the public finances for which he is answerable and for the
keeping of proper records, are set out in the Accounting Officers'
Memorandum, issued by the Treasury and published in Government
Accounting.
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