Finance and budget
The Statement of Accounts is the statutory summary of the council's financial affairs for the financial year and is prepared in accordance with the local government Accounting Code of Practice (ACOP).
The City and County of Swansea is required by law to protect the public funds it administers. It may share information provided to it with other bodies responsible for auditing or administering public funds, in order to prevent and detect fraud.
The term 'fraud' commonly includes activities such as theft, corruption, conspiracy, and bribery. Fraud is a criminal act or omission of deception intended for personal gain or to cause a loss to another person or organisation.