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The Council, and previously the Governing Body, is reponsible for ensuring that financial accounts are kept and that an annual statement of the College's finances is prepared and published. External Auditors are appointed by the Council to undertake an audit of the College financial accounts. The College Secretary, as Clerk, is responsible for Internal Audit.
IMPEL was established in 1987 as a joint venture to market technological ideas and products from the college's research programmes. It also acted as a staff consultancy service for external agencies. This aspect was taken over in 1991 by Imperial College Consultants Ltd, along with the management of the commercial use of college facilities. Imperial Biotechnology was established in 1982 to develop products for the speciality enzyme market.