Thursday, 10 January 2019

Local auditor reporting in England 2018

Local auditor reporting in England 2018 The number of NHS and local government bodies with significant weaknesses in their arrangements for delivering value for money for taxpayers is unacceptably high and increasing, according to today’s report by the National Audit Office (NAO).

In 2017-18, 495 local authorities, local police and local fire bodies were responsible for around £54 billion of net revenue spending and 442 local NHS bodies received funding of approximately £100 billion. Each year, local auditors give an opinion on whether these bodies produce financial statements that comply with reporting requirements and if they have arrangements to properly manage their business and finances. Auditors can draw attention to weaknesses by ‘qualifying’ their opinion and issuing a ‘non-standard’ report. Local bodies should take any issues raised seriously and address them appropriately.

See also:

No comments:

Post a Comment