Financial management

The NAO carries out work to help departments improve their financial management and governance. We publish reports on the value for money of expenditure and annual audits of financial statements. We also work with audited bodies on an individual basis, for example by facilitating workshops with Audit Committees, and we pull together good practice material from across our client base to help organisations learn from each other.

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Fact Sheet – Updated edition of the Treasury’s Audit and Risk Assurance Committee Handbook

The Treasury published an updated version of the Audit and Risk Assurance Committee Handbook in April 2013. We have produced a fact sheet signposting the main developments in the new Handbook.

Performance Improvement area(s): Financial management, Support to Audit Committees

Published:
16 May 2013

Recent developments in government internal audit and assurance – spring 2013 Fact Sheet

This factsheet provides further details on recent developments, including the introduction of grouped internal audit services and the adoption of new internal audit standards by central government

Performance Improvement area(s): Financial management, Internal audit

Published:
24 Apr 2013

Internal Audit in Practice Case Studies

The Institute of Internal Auditors and the NAO released a set of case studies illustrating some of the key principles of effective internal auditing, taken from a range of public and private sector organisations (including British Telecom, Department for Work and Pensions, EDF etc).

Performance Improvement area(s): Financial management, Internal audit

Published:
24 Apr 2013

Governance Statements: good practice observations from our audits

Our “Fact Sheet: Governance Statements: good practice observations from our audits”, highlights the key messages and good practice we identified from our work. Organisations can use our good practice observations to help support better governance and more transparent reporting in their Governance Statements.

Performance Improvement area(s): Financial management, Governance Statements

Published:
1 Feb 2013

Department for Business, Innovation and Skills: Financial management report

BIS needs more coherent planning, rather than short-term fire fighting, to meet its spending review challenges and deliver better value for money.

Sector(s): Business and industry

Performance Improvement area(s): Financial management

Published:
12 Jul 2012

The effectiveness of internal audit in central government

Internal audit costs government around £70 million each year, but quality varies and it is poor value for money.

Sector(s): Cross-government and public administration

Performance Improvement area(s): Internal audit

Published:
20 Jun 2012

Governance Statements (previously Statement on Internal Control)

To assist those responsible for producing Governance Statements, we have prepared a Fact Sheet which summarises guidance provided in Managing Public Money and advises that the good practice messages from earlier NAO guidance on the Statement on Internal Control remain relevant.

Performance Improvement area(s): Financial management, Governance Statements

Published:
1 May 2012

Financial management in the Home Office

The Home Office has improved the financial management of its core business but strengths at the centre are not being demonstrated in its ‘change programmes’.

Sector(s): Public order, justice and rights

Performance Improvement area(s): Financial management

Published:
26 Apr 2012

Compliance checklist

Our compliance checklist should help Departments and other bodies to assess where they have complied with and adhered to”Corporate Governance in Central Government Departments: Code of Good Practice 2011 (the Code)”, and to identify areas of non-compliance that need to be explained and described in their annual governance statement.

Performance Improvement area(s): Financial management, Support to Boards

Published:
1 Mar 2012

Disclosure guide for charitable NDPBs accounts

Disclosure guides are designed to ensure that audited bodies have prepared an account in the appropriate form and have complied with all disclosure requirements.

Performance Improvement area(s): Audit of Financial Statements, Financial management

Published:
22 Feb 2012

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Financial management