Governance Statements (previously Statement on Internal
Control):
Departments, their executive agencies and
arm’s-length bodies are required to produce a Governance Statement
in place of the Statement on Internal Control in their annual
report and accounts for 2011-12 onwards.
To assist those responsible for producing
Governance Statements, we have prepared a Fact Sheet which
summarises guidance provided in Managing Public Money and advises
that the good practice messages from earlier NAO guidance on the
Statement on Internal Control remain relevant.
A Good Practice guide to the Statement on Internal Control
2010
Statements on Internal Control (SICs) should
provide a transparent and accountable report of the control issues
and risks faced by central government organisations. However, they
often fail to achieve this and the NAO undertook a wide-ranging
review to find out why.
We found that a number of barriers to
effective accountability exist. The Good Practice guide identifies
ways that central government organisations have overcome these
barriers and will be of interest to both executives and
non-executives.
Statement on Internal Control: A guide for Audit
Committees
2009
High quality and proportionate internal
control systems will help organisations achieve their aims. The
Statement on Internal Control (SIC) is a public accountability
document that describes the effectiveness of internal controls in
an organisation and is personally signed by the Accounting Officer.
To help Audit Committees add value to their organisations in this
area, the guide identifies good practice in corporate governance,
risk management and internal controls, as well as the disclosure of
these within the SIC.