How Ofqual meets it's legal, financial obligations.
Our standing financial instructions are used for the regulation of the conduct of all Ofqual staff in relation to all financial matters. They are incorporated into the ‘Ofqual Governance Framework’ and explain the financial responsibilities, policies and procedures used by Ofqual.
They are designed to ensure that our financial transactions are carried out in accordance with the law, government policy, the ‘Managing Public Money’ guidelines and best practice. This is in order to achieve probity, accuracy, economy, efficiency and effectiveness in the way in which we manage public resources.
They identify the financial responsibilities which apply to everyone working for Ofqual, but do not provide detailed procedural advice.