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Under section 5(1) of the Exchequer and Audit Departments Act 1921 the Treasury has directed the Scottish Fisheries Protection Agency to prepare a statement of accounts for each financial year in the form and on the basis set out in the accounts direction, shown as an annex to these financial statements. The accounts are prepared on an accruals basis and must give a true and fair view of the Agency's state of affairs at the year end and its income and expenditure, recognised gains and losses and cash flows for the financial year.
In preparing the accounts the Agency is required to:
observe the accounts direction issued by the Treasury, including the relevant accounting and disclosure requirements, and apply suitable accounting policies on a consistent basis;
make judgements and estimates on a reasonable basis;
state whether applicable accounting standards have been followed, and disclose and explain any material departures in the financial statements;
prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the Agency will continue in operation.
The Accounting Officer for The Scottish Office Agriculture, Environment and Fisheries Department has designated the Chief Executive of the Scottish Fisheries Protection Agency as the Accounting Officer for the Agency. His relevant responsibilities as Accounting Officer, including responsibility for the propriety and regularity of the public finances and for the keeping of proper records, are set out in the Accounting Officers' Memorandum issued by the Treasury and published in Government Accounting.
P E DU VIVIER
Chief Executive
8
July 1999
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