The system is configured to ensure that it is fully compliant with Government Finance ‘Global Design Principles’ which are based on best practice and it also provides improved data security.
The Oracle Cloud system went live, as originally planned, on 1 April 2019 and was fully operational from that date. CPS completed their 2018-19 financial year-end on the new system and the resulting financial statements were successfully audited by the NAO.
The Government Internal Audit Department have been asked to conduct a review of the controls of the new Oracle Cloud system and the NAO have been asked to complete their annual technical audit of the new system at the earliest opportunity. This will provide the CPS with independent third party assurance of the effectiveness of the new system.