Public Sector (Governance) Act 2018 · 2020 Revised Edition · Part 5 · Financial Administration
36. Financial accounts and records
Feedback & supportA public body must —
public body
“public body” means a body corporate established by a public Act for the purposes of a public function but excludes a Town Council established under section 4 of the Town Councils Act 1988;
keep proper accounts and records of its transactions and affairs and in accordance with the requirements of written law; and
do all things necessary to ensure that —
all payments out of its moneys are correctly made and properly authorised; and
adequate control is maintained over the property and assets of, or in the custody of, the public body and over the expenditure incurred by the public body.
control
“control”, in relation to information, has the meaning given by subsection (3);