The preparation of the annual governance statement is necessary to meet the requirements set out in Regulation 4(2) of the Accounts and Audit regulations 2003, as amended by the Accounts and Audit (Amendment) (England) Regulations 2006 and the Statement must comply with the CIPFA/SOLACE guidance on the form and content of the statement.
Code of Corporate Governance
All councils operate a governance framework that brings together an underlying set of legislative requirements, governance principles and management processes. A framework has been developed for good governance by CIPFA/SOLACE and is recommended to local authorities as a tool to review their governance arrangements against a number of key principles.
This guidance is now incorporated in the revised Use of Resources assessment, which forms part of the Comprehensive Area Assessment regime.
The Framework is based on six core principles of good governance and comprises best practice objectives intended to provide the basis for each council to develop and maintain a local code of governance reflecting its size, functions and nature and to monitor its effectiveness.