Draft Statement of Accounts - Statutory Notice 2023-2024

The 2023-2024 Draft Statement of Accounts for Caerphilly County Borough Council are being prepared in accordance with the relevant CIPFA Accounting Codes of Practice, Accounting Standards and Statutory provisions. However, these Accounts have not been completed and certified by the Responsible Finance Officer by the statutory deadline of 31 May 2024 and therefore the following notice is required in compliance with section 10(4) of the Accounts and Audit (Wales) Regulations 2014:

  • There has been disruption to the standard accounts preparation timetable in recent years across the Local Government sector largely due to challenges presented by the Covid-19 pandemic, the cost-of-living crisis, capacity issues, and new auditing requirements. Consequently, the Responsible Finance Officer has not signed and certified the draft accounts for the year ended 31 March 2024.
  • The Authority intends to complete preparation of the 2023-2024 Draft Statement of Accounts by 30 June 2024, in accordance with Welsh Government expectations. At this point, the Responsible Finance Officer will consider the requirement to sign and certify the Accounts in compliance with the relevant regulations.
  • Further to completion, the Draft Accounts will be subject to public inspection and external audit as required by the Accounts & Audit (Wales) Regulations and the Public Audit Wales Act.