Skills Funding Agency Accounts 2014-15
Published on:Skills Funding Agency accounts qualified as £50m paid in advance to FE Colleges
Skills Funding Agency accounts qualified as £50m paid in advance to FE Colleges
Amyas Morse, the Comptroller and Auditor General, has today issued a report on the 2014-15 accounts of HM Revenue & Customs.
The Comptroller and Auditor General, Amyas Morse, has qualified his audit opinion on the regularity of the 2014-15 accounts of the DWP, owing to the unacceptably high level of fraud and error in benefit expenditure.
Amyas Morse, the Comptroller and Auditor General (C&AG), has qualified his audit opinion on the MOD’s accounts for the sixth year running.
HM Treasury is improving the content of the Whole of Government Accounts, which shows the overall financial position of the UK public sector, and the document has been produced faster than ever.
The C&AG has qualified his opinion on the 2013-14 Accounts of the Office for Legal Complaints. This is in part owing to expenses paid to its Chief Executive, the former Accounting Officer of the body, which were not retrospectively approved by the Ministry of Justice.
The inability of the DfE to prepare financial statements providing a true and fair view of financial activity by its group of bodies means that it is not meeting the accountability requirements of Parliament.
The C&AG has qualified the DWP’s Client Funds Account on the grounds of material errors in the calculations of child maintenance assessments. He has also given an adverse opinion on the truth and fairness of the outstanding maintenance arrears.
The Ministry of Defence has made significant improvements in its management of and accounting for assets held on its inventory systems. However, the Department recognizes that it still faces significant challenges.
The National Audit Office has today reported on HM Treasury’s 2013-14 Annual Report and Accounts. The report provides an overview of the context in which the Comptroller and Auditor General has carried out his audit of the Treasury’s 2013-14 financial statements; and details of his assessment of audit risk arising from the Treasury’s major financial stability and wider economic support schemes.
Defra’s 2013-14 accounts have not been qualified but the C&AG warns of the likelihood of the European Commission’s imposing significant financial penalties on the department in future.
The report covers HMRC’s progress in operating the PAYE service, its implementation of its new Real Time Information service and its performance in tax collection and in reducing error and fraud in personal tax credits.
For the first time since 2009-10, the Social Fund White Paper account has not been qualified on the grounds of the completeness, existence and valuation of the debt balance.
The Comptroller and Auditor General has qualified his audit opinion owing to the material level of fraud and error in benefit expenditure.
We welcome the Treasury’s continuing commitment to improving the timeliness and content of the WGA.This will enable the Treasury to manage public finances better.
Amyas Morse, the Comptroller and Auditor General, has again been unable to give a full sign off to the statutory child maintenance schemes account.
Amyas Morse, the Comptroller and Auditor General, has qualified his opinion on the accounts of the Department for Education and the Education Funding Agency (EFA) on a number of grounds.
The NAO welcomes the progress being made by the Northern Ireland Social Security Agency in reducing levels of fraud and error in benefit payments.
The pension payments and Scheme liability are materially supported by employee records for the first time in two years, but underlying issues remain to resolve.
The DWP has not to date achieved value for money in the development of Universal Credit and to do so in future it will need to learn the lessons of past failures.