The Statement of Accounts for the year ended 31 March 2015 has been prepared and published in accordance with the Accounts and Audit Regulations 2011 and the Code of Practice issued by the Chartered Institute of Public Finance and Accountancy in 2014. The Code is based on a consolidation of accounting standards including International Financial Reporting Standards, International Public Sector Accounting Standards, and the Service Reporting Code of Practice.
These audited accounts are published on 18 May, being 48 days from the year end – 20 working days of which were required to comply with the public inspection requirement. The statutory deadline to publish audited accounts is 30 September. By comparison the audited accounts were published on 30 June in 2014 (91 days) and on 24 September in 2013 (177 days).