Exchequer and Audit Departments Act 1866
The Exchequer and Audit Departments Act 1866 (29 & 30 Vict. c. 39) is the UK Act of Parliament under which most of the revenue from taxation, and all other money payable to the Exchequer, must be paid into the Consolidated Fund.
| Act of Parliament | |
Parliament of the United Kingdom | |
| Long title | An Act to consolidate the Duties of the Exchequer and Audit Departments. to regulate the Receipt, Custody, and Issue of Public Moneys, and to provide for the Audit of the Accounts thereof. |
|---|---|
| Citation | 29 & 30 Vict. c. 39 |
| Dates | |
| Royal assent | 28 June 1866 |
| Commencement | 1 April 1867 |
The act "established a cycle of accountability for public funds": Public spending was authorised by the House of Commons while the public fund was controlled by the Comptroller and Auditor General who was also responsible for auditing the financial accounts produced by each government department. The Committee of Public Accounts, which had been established in 1861 by William Gladstone, was appointed to oversee the work of the Comptroller.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.