Posts tagged: "Annual accounts"
Posted on May 23, 2014 by Laura Wright
The summer months can be a stressful period for financial auditors working at the National Audit Office. This is because the majority of our audit work starts a few weeks after the year end (typically March) and clients are encouraged to complete certification of their financial statements before the end of July. Certification involves the signing of the audit report by the Comptroller and Auditor General of the NAO (currently Amyas Morse) and formal presentation of the accounts before Parliament. As Parliament leaves for summer recess towards the end of July (22 July this year), the deadline for certification tends to be just before this date. more… Our top 10 tips for coping with final audit stress
Posted on April 17, 2014 by Michael Carlyon
31 March marks the end of another financial year, and our audit clients close their ledgers and are starting the process of preparing their accounts. This means that the Easter break is a welcome respite before the busiest time of year for financial audit, known as final audit, begins in earnest. more… Preparing for final audit
Posted on August 30, 2013 by Robert Trevett
The one question I am almost always asked when I tell people that I am a financial auditor is “What is a financial auditor?” I am hopeful that in looking at this blog and being interested in the line of work you already have an answer to this question. However, what you may not necessarily know is what that work entails – which is where the audit cycle comes into play. This post will look at just the financial audit side. more… What is… an audit cycle?
Posted on July 26, 2013 by Laura Wright
At the end of last week, the audit certificate for the Department of Health’s accounts finally got approved and the accounts were laid before parliament. I’ve been working on this audit almost full time since January so I’m feeling, along with the rest of the team I’m sure, a great sense of achievement. To celebrate the start of recess and the hard work that final audit required, a lot of cakes and delicious treats were eaten, which was very much appreciated by my sweet tooth. Over the last few months I’ve gained a reputation within my audit team for eating a lot of sugary foods and not much else (you know it’s going to be a long day when you realise you have no change for the daily vending machine trip!). more… Post recess celebrations
Posted on July 12, 2013 by Laura Wright
Hello there! My name is Laura Wright and I’m an Assistant Auditor here at the National Audit Office (NAO) in Newcastle. Together with some of my colleagues, I’m going to be blogging about what it’s like to work at the NAO and the day-to-day work we are involved in.
As you may or may not already know, the NAO undertakes both financial audit and value for money (VfM) work. I mainly work on the financial audit side, with a team of colleagues on the Department of Health resource account audit. This is a consolidation (a big adding exercise) of the accounts from the core department and all of the bodies which make up the NHS, such as Trusts and Foundation Trusts. Most trainees predominantly work on a particular Department, but the fluidity of our allocation system means we can work on any area (such as international audits, for those of you who are interested in travelling). more… Busy times at the NAO