On Board: a guide for members of statutory boards

Guidance for all those appointed under statute to be members of the boards of public bodies in Scotland.

Effective Financial Management: Guidance Note 4: Overview

The Board, Chief Executive and senior management team must demonstrate effective financial stewardship of public funds. They must meet the requirements of the Public Finance and Accountability (Scotland) Act 2000 and the Scottish Public Finance Manual, including the need to account for the use of public money and the safe keeping of public assets.

This section explains key aspects of the Scottish Public Finance Manual which aim to ensure proper stewardship of public funds. It covers the allocation of funds to public bodies by Scottish Ministers, the requirement for robust financial monitoring and reporting systems, the importance of effective risk management and internal controls, and the processes by which internal and external audit provide assurance on the proper management of public funds and resources.


Email: PublicBodiesUnitMailbox@gov.scot

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