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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Publish results of the consultation on proposed accounting standards.

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made (15/09/2008) regarding: Publish results of the consultation on proposed accounting standards.

Decision Reference:  MD-TR-2008-0096 

Decision Summary Title:

Consultation on Proposed GAAP based Accounting Standards

Date of Decision Summary:

09 September 2008

Decision Summary Author:

Jason Turner

Deputy Treasurer

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Consultation on Implementing Generally Accepted Accounting Principles in the States of Jersey – Summary of Responses

Date of Written Report:

09 September 2008

Written Report Author:

Alisdair Macleod

RAB Project Manager

Written Report :

Public or Exempt?

Public

Subject:

Publish results of the consultation on proposed accounting standards.

Decision(s):

The Minister decided to publish the results of the consultation on proposed GAAP based accounting standards for the States of Jersey.

Reason(s) for Decision: The States of Jersey plans to implement GAAP accounting standards for the year ended 31 December 2009. As part of the process for introducing these standards, a consultation was undertaken to gain the views of interested parties on the proposed accounting standards.

Resource Implications:   None.

Action required:

The RAB project Manager to publish the document titled ‘Consultation on Implementing Generally Accepted Accounting Principles in the States of Jersey – Summary of Reponses’  and send it to all consultation respondents.

Signature: 
 
 

Position: Senator T A Le Sueur, Minister for Treasury and Resources 

                 

Date Signed: 15 September 2008

Date of Decision: 15 September 2008

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