Finance, audit and assurance Sample Clauses

Finance, audit and assurance. HMI Probation receives an annual budget to allow it to carry out the inspection programme agreed with the relevant Secretaries of State, administered through the Director General of CJG. The Chief Inspector of Probation is the budget holder for HMI Probation‘s budget, and is responsible for the efficient and proper use of resources in accordance with HMI Probation‘s Plan (see 4.1). The Chief Inspector accounts to the Permanent Secretary for the appropriate use of resources allocated to the Inspectorate by the MoJ in accordance with budgetary delegation arrangements. In line with this, the Chief Inspector provides financial information to comply with the financial cycle and timetable of the MoJ. This does not affect the independence of HMI Probation but is the mechanism by which the MoJ monitors finances throughout the financial year. The HMI Probation may be required to provide an annual assurance regarding its system of internal control. The MoJ will provide efficient and effective finance services including a finance system enabling prompt payment for goods and services once approved by HMI Probation, and clear financial information to enable HMI Probation to manage its budget; and a payroll system. These arrangements will be detailed in a separate protocol. HMI Probation, whilst not requiring internal or external audit services for its own purposes, is expected to provide access to either, including the NAO for the purpose of specific audit activity or compiling Value for Money reports, should the need arise.
Sample 1
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  • Management and Financial Controls At all times, the School shall maintain appropriate governance and management procedures and financial controls which shall include, but not be limited to: (a) budgets, (b) accounting policies and procedures, (c) payroll procedures,

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