Annual Report and Statement of Accounts of the Assembly Commission: 2007-08

• Management Commentary

• Remuneration Report

• Statement of the Commission's and the Principal Accounting Officer's Responsibilities

• Statement on Internal Control

• Certificate and Report of the Auditor General for Wales

• Statement of Assembly Supply

• Operating Cost Statement - Statement of Recognised Gains and Losses

• Balance Sheet

• Cashflow Statement - Statement of Operating Costs by Aim and Objectives

• Notes to the Resource Accounts

Statement of the Commission’s and the Principal Accounting Officer’s Responsibilities

The Chief Executive and Clerk has prepared the statement of accounts in accordance with the Direction issued by the Treasury and with the accounting principles and disclosure requirements set out in the Financial Reporting Manual. The Resource Accounts are prepared on an accruals accounting basis and give a true and fair view of the Commission's state of affairs at the year-end, the net resource outturn, resources applied to objectives, operating cost statement, recognised gains and losses and cash flows for the financial year.

In preparing the accounts the Chief Executive and Clerk has:

• Complied with the accounts direction issued by the Treasury;

• Complied with the relevant accounting and disclosure requirements, and applied suitable accounting policies on a consistent basis;

• Made judgements and estimates which are reasonable and prudent;

• Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and

• Prepared the accounts on a going concern basis.

The Chief Executive and Clerk to the Assembly is, by virtue of Section 138 of the Government of Wales Act 2006, the Principal Accounting Officer for the Commission. The relevant responsibilities of the Principal Accounting Officer, including the responsibility for the propriety and regularity of the finances of the Commission and for the keeping of proper records, are set out in a memorandum issued by the Treasury.