Audit of Financial Statements
The National Audit Office (NAO) audits the financial statements
of all central government departments, agencies and other public
bodies and reports the results to Parliament. In 2009-10, we
audited expenditure and revenue amounting to some £950 billion
across 475 accounts. The NAO produces technical information,
guidance and good practice material that can be used by others,
particularly those in public sector organisations.
Disclosure and compliance guides
FReM, NDPBs disclosure guide, Compliance guide
IPSAS
Disclosure guides are designed to ensure that
audited bodies have prepared an account in the appropriate form and
have complied with all disclosure requirements. The guides
available on these pages are intended for use by both NAO
auditors and clients, who may find them useful in the course of
preparing their financial statements.
Disclosure guides
General Reports of the Comptroller and Auditor General
This report is published each year, and
summarises the results of the financial audit work undertaken by
the NAO in each financial year. The most recent are listed
here.
International Financial Reporting Standards readiness
toolkit
October 2008
The toolkit is designed to be used to assess the
impact of the transition from UK Accounting standards to
International Financial Reporting Standards (IFRS) on business and
financial statements.
Whole of Government Accounts
Whole of Government Accounts (WGA) will be audited consolidated
accounts for the Public Sector, prepared by HM Treasury. It is
anticipated that the first set of accounts will be published in the
2009-10 accounting year, and will be in accordance with
International Financial Reporting Standards (IFRS).
Full details about the WGA programme, including Treasury's
guidance for departments, is available from the Treasury WGA Team's
website, HMT WGA
website.
Audit of Whole of Government Accounts
The NAO work with auditors of other WGA bodies (the Audit
Commission, Audit Scotland, Wales Audit Office, Northern Ireland
Audit Office, and private sector firms) to establish Group audit
instructions for Whole of Government accounts, and strategies are
available for the different types of bodies that make up WGA.
If you are an auditor of a WGA body, but do not have details of
the Group audit instructions, or you have any questions or
comments, please telephone the NAO WGA team on 020 7798 7727.
Alternatively, email the team using our contact us form selecting Whole of
government accounts as the topic, marking it for their
attention in the subject field.