Publication
Accounting and Financial Reporting requirements
From Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
From Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
The Constitution, Legislation and Circulars provide the framework in which the financial information of the Central Government area is to be accounted for and reported on. The Public Financial Procedures (Blue Book) is a comprehensive, though not exhaustive, summary of public financial management.
Appropriation accounts, showing the financial transactions of central Government Departments, Offices and other Vote holders responsible for Vote management and accounting, are prepared in accordance with the Exchequer and Audit Departments Act, 1866 (as amended by the Comptroller and Auditor General (Amendment) Act, 1993) and with accounting rules and procedures laid down by the Minister for Public Expenditure, National Development Plan Delivery and Reform.
The appropriation account itself is a cash based record of the receipts and payments in the year compared with the amounts provided under the Appropriation Act. The financial statements also include information prepared on an accruals basis in the Statement of Financial Position and other notes. Throughout, the financial statements show prior year amounts for comparison purposes.
The most recent annual Circular is set out below:
Circular 23/2023 brings the first series of Central Government Accounting Standards (CGAS) into effect for accounting periods commencing on or after 1 January 2024. The reporting boundary of the CGAS applies to all Government Departments, Offices (Votes), the National Training Fund and the Social Insurance Fund.