The Treasury have released the audited Government’s Accounts for the year to 31 March 2007 and these will be laid before the July sitting of Tynwald.
The Accounts follow the completion of the Public Audit and are a less detailed and more ‘User Friendly’ financial report style version of the Accounts than the detailed management version of Accounts published in May 2007.
The Accounts include a Statement of Internal Control as part of the Government’s Corporate Governance initiative and in preparation for the introduction of the Audit Act 2006. The Audit Act 2006, which takes effect for the 2007-08 Accounts, updates the regulations under which the Accounts of the Government (and those for other public bodies) are produced in keeping with the Isle of Man’s status as a well-regulated jurisdiction.
9 July 2007