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Statement of accounts

The statement of accounts is the formal audited accounts of the county council. The purpose of the statement of accounts is to give clear information on our overall finances and to demonstrate our stewardship of public money for the year.

The statement of accounts includes the Independent Auditor's Report and the Annual Governance Statement.

The audit of the county council's statement of accounts (including the pension fund accounts) for the year ended 31 March 2021 has been concluded.

These accounts were made available for public inspection from 14 June to 23 July 2021, and were approved by the Audit, Risk and Governance Committee on 21 December 2021.

The auditors cannot formally issue an audit certificate at this time, for the year ended 31 March 2021, in accordance with the requirements of the Local Audit and Accountability Act 2014 and the Code of Audit Practice. Details are included in the Independent Auditor's Report.   

Right to inspect financial accounts

As a registered elector you have legal rights to inspect, ask questions about and challenge items in the council's accounts. 

These rights can only be exercised during a single 30 working-day period ('the inspection period') and are set out in the following sections of the Local Audit and Accountability Act 2014:

  • Section 25 – Inspection of statements of accounts
  • Section 26 – Inspection of documents
  • Section 27 – Right to make objections at audit
  • Section 28 – Declaration that item of account is unlawful

A guide to your rights is available on the National Audit Office website.

As a registered elector you have legal rights to inspect, ask questions about and challenge items in the council's accounts.

Notice of appointment of auditor from 2018/19

Under Section 8(2) of the Local Audit and Accountability Act 2014, the council must publish a notice relating to the appointment of its local auditor.

For audits of accounts from 1 April 2018, Public Sector Audit Appointments Limited (PSAA) is responsible for appointing an auditor to principal local government and police bodies that have chosen to opt into its national auditor appointment arrangements. Lancashire County Council opted into this arrangement.

On 14 December 2017, the PSAA board approved the appointment of Grant Thornton (UK) LLP to audit the accounts of Lancashire County Council and Lancashire Pension Fund for a period of five years, covering the accounts from 1 April 2018 to 31 March 2023. This appointment is made under Regulation 13 of the Local Audit (Appointing Person) Regulations 2015.