Support for Boards

How Boards use financial management information is critical to delivering value for money from public funds. In our reports to Parliament we often point out how good financial information available to key decision makers at the right time has a beneficial effect on organisational performance. We also comment on the limiting effect that poor or inadequate financial information has on decision making in government. To allow the Board to fulfil its responsibilities effectively, the financial management information that they receive must be fit for purpose in terms of scope, quality and presentation and be clearly linked to the organisation’s performance against its objectives.

Our self-assessment guide for Boards

• Reporting financial management information to the Board

Boards can assess the financial management information reported to them against best practice using the guide. We can help Boards by facilitating a workshop to assess performance. To arrange for a workshop please contact your client director in the NAO in the first instance or email Z5-FMGP@nao.gsi.gov.uk and the team will pass on your enquiry.

These pages were last updated on: 03 March 2008