The Government of Bermuda is responsible for the integrity, objectivity and fair presentation of the financial statements of the Consolidated Fund. The Accountant General prepares the statements on behalf of the Minister of Finance in accordance with public sector accounting standards, using the Government's best estimates and judgement where appropriate.
The Government is responsible for maintaining a system of internal accounting and administrative controls in order to provide reasonable assurance that transactions are within statutory authority, assets are safeguarded and financial records are properly maintained.
The Auditor General provides an independent opinion on these financial statements, under section 6 of the Audit Act 1990.
The Consolidated Fund financial statements and Auditor Generals report are laid before both Houses of the Legislature, and are referred to the Public Accounts Committee for review.