IJBs are specified in legislation as ‘section 106’ bodies under the terms of the Local Government Scotland Act 1973, and consequently are expected to prepare their financial statements in compliance with the Code of Practice on Accounting For Local Authorities in the United Kingdom.

The Scottish Government have introduced the above regulations to update the governance arrangements relating to the authorisation and approval of a section 106’s annual accounts. The regulation apply from the 2014-15 annual accounts and this report outlines the IJB’s proposed approach to comply with these updated regulations.