 |
Radiocommunications
Agency
|
|
Radiocommunications
Agency
|
Statement of Agency's and Chief Executive's
Responsibilities
Under Section 5 of the Exchequer and Audit Departments Act 1921, the Treasury has directed
the Radiocommunications Agency to prepare a statement of accounts for each financial year
in the form and on the basis set out in the accounts direction on pages (Annex to the
Accounts:Accounts Direction) of these financial statements. The accounts are prepared on
an accruals basis and must give a true and fair view of the Agency's state of affairs at
the year end and of its income and expenditure, total recognised gains and losses and cash
flows for the financial year.
In preparing the accounts, the Agency is required to:
* observe the accounts direction issued by the Treasury, including the relevant accounting and disclosure requirements, and apply suitable accounting policies on a consistent basis;
* make judgements and estimates on a reasonable basis;
* state whether applicable accounting standards have been followed, and disclose and explain any material departures in the financial statements;
* prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the Agency will continue in operation.
The Accounting Officer for the Department of Trade
and Industry has appointed the Chief Executive of the Radiocommunications Agency as the
Accounting Officer for the Agency. His relevant responsibilities as 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.
Contents
|
