Sir John Bourn, the head of the National Audit Office, reported to Parliament today on the financial management of the European Union. His report summarises the main findings of the European Court of Auditors’ report, published in November 2005, on the European Council’s accounts for 2004. Sir John also highlighted other key developments in financial […]
The European Commission and Member States have made progress in strengthening the financial management of European Union funds, according to a report today from the National Audit Office. But for the thirteenth year in a row the European Court of Auditors (ECA) did not provide a positive Statement of Assurance on the legality and regularity […]
A report today from the National Audit Office summarises the results of the European Court of Auditors’ examination of the European Union’s accounts for 2007 and progress on the range of initiatives taken forward by the Commission and Member States. For the first time the Court provided a positive Statement of Assurance, without qualification, on […]
There has been a detectable improvement over recent years in the financial management of European funds across the European Union. However, there remain seemingly intractable problems with reducing the high levels of error in some significant areas of EU spending.
The Department for Communities and Local Government has shown commitment to financial leadership and governance and has improved its financial management over the last couple of years. However, there is more to do for the department to embed good financial management throughout the department and to improve the financial and business management skills of its […]
The Department for Children, Schools and Families has made progress in improving its financial management, with strong commitment at senior management and board level, according to a National Audit Office report today. The Department’s ability to reach a high standard of financial management depends partly on successful working with local authorities, other partner organisations, and […]
Stronger financial management will be needed in departments if they are to speed up the restructuring of service delivery.
The BBC demonstrates sound financial management but must align its spending decisions more closely with its strategic priorities.
The government is selling assets on an unprecedented scale but, given the equally large scale of its new loans and other initiatives, the overall projected net effect is a £200m increase in borrowing.
The file contains all of the impacts of £5,000 or more which contribute to the overall total financial impacts claimed by the NAO of £1,186 million for 2012.
Financial impacts represent our estimate of the financial benefits achieved following implementation of the NAO’s recommendations to government.
Estimates are subject to internal quality assurance review, are agreed with senior management of the audited bodies and are independently validated by our external auditors.
Government departments are continuing to make progress in improving the quality and timeliness of their accounts which they submit for audit. However, according to head of the National Audit Office Sir John Bourn, a large number of departments will need to make significant further effort if they are to meet the Treasury’s timetable for the […]
Standards of accountability and probity in central government bodies remain high, according to head of the NAO Sir John Bourn. Departments have continued to make good progress in meeting the challenge of resource accounting and in improving the quality of accounts submitted for audit. Sir John also welcomed the progress made by departments in submitting […]
Sir John Bourn, head of the NAO, today welcomed the continued improvements made by departments in the quality of the accounts they submit for audit, although he noted that there was more they could do to avoid spending more resources than permitted by Parliament and to ensure that they were able to submit accounts for […]
Sir John Bourn, head of the National Audit Office (NAO), has reported to Parliament on the outcome of financial audit work undertaken by the NAO in central government over the past year. Today’s report examines the progress made by government departments in a number of important areas. In 2001/02 resource accounts became the sole mechanism […]
Sir John Bourn, head of the National Audit Office (NAO), has reported to Parliament on the outcome of financial audit work undertaken by the NAO in central government over the past year. Today’s report examines the progress made by government departments in a number of important areas – most notably the development of corporate governance […]