The purpose of the Finance and Audit Committee is to assist the LEP Board in ensuring that the company maintains satisfactory systems of financial and operational control, and that any published financial reports comply with statutory requirements.

Lincolnshire County Council act as Accountable Body for the LEP and no financial transactions are made by the LEP directly.

The Accountable Body provides regular reports to the LEP's Finance and Audit Committee and to the LEP Director's Board.

An external auditor is procured annually.

For the purposes of transparency, LEP funding and financial information is made publicly available on this Website.