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Under section 6(1) of the Development of Tourism Act 1969
the Scottish Tourist Board is required to prepare a statement
of accounts in the form and on the basis determined by the
Scottish Ministers. The accounts are prepared on an accruals
basis and must give a true and fair view of the Board's
state of affairs at the year end and of its income and expenditure
and cash flows for the financial year.
In preparing the accounts the Board are required to:
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observe the accounts direction issued by the Scottish Ministers, including the relevant accounting and disclosure requirements, and apply suitable accounting policies on a consistent basis; |
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make judgements and estimates on a reasonable basis; |
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state whether applicable accounting standards have been followed, and disclose and explain any material departures in the financial statements; |
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prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the Board will continue in operation. |
The Accountable Officer for the Scottish Executive Enterprise
and Lifelong Learning Department has designated the Board's
Chief Executive as the Accountable Officer for the Scottish
Tourist Board. His relevant responsibilities as Accountable
Officer, including his responsibility for the propriety and
regularity of the public finances and for the keeping of proper
records, are set out in the Non-Departmental Public Bodies'
Accountable Officer Memorandum and published in Government
Accounting.
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