The Finance and Governance Committee performs regular review of all finances on behalf of the council and present their findings at full council meetings. 

The Council appoints an independent internal auditor to assess the finance procedures in place to ensure honesty and efficiency, risk management and adequate internal control systems.

Farnsfield Parish Council conducts the auditing process as outlined in the Accounts and Audit Regulations 2014, The Transparency Code for smaller councils (under £25,000) and The Transparency Code for larger councils (over £200,000) does not legislatively apply.