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Accounting standards to be adopted for the States of Jersey’s Annual Financial Statement.

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made (26/02/07) regarding: Accounting standards to be adopted for the States of Jersey’s Annual Financial Statement.

Subject:

Accounting standards to be adopted for the States of Jersey’s Annual Financial Statement

Decision Reference:

MD-TR-2007-0015

Exempt clause(s):

n/a

Type of Report: (oral or written)

Written

Person Giving Report (if oral):

n/a

Telephone or

e-mail Meeting?

n/a

Report

File ref:

MW/04/09/02/2007

Written Report –

Title

Agreement of Order – Accounting standards to be adopted for the States of Jersey’s Annual Financial Statement

Written report - author

Maria Washington - Corporate Financial Strategy - Consultant

Decision(s):

The Minister requested the Law Draftsman to prepare an Order prescribing the accounting policies and standards, as detailed in the attached report, to be followed during the preparation of the 2006 accounts

Reason(s) for decision:

To set by Order the Accounting policies and standards to be followed by the States in the production of the 2006 Accounts.

Action required

Instruct the Law Draftsman to draft the necessary Order for signing by the Minister for onward transmission to the next available States sitting.

Signature:

(Minister / Assistant Minister)

Date of Decision:

26 February 2007

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