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.
The Whole of Government Accounts (WGA) are the consolidated financial statements for the whole of the UK public sector, showing what the UK Government spends and receives, and what it owns and owes.
The National Audit Office has today reported on progress in the Treasury’s interventions to maintain financial stability, its wider support for the economy, its capacity to respond to future financial crises, and new reporting developments.
The Comptroller and Auditor General has qualified his audit opinion on the regularity of the National Employment Savings Trust Corporation’s 2012-13 Annual Report and Accounts, on the ground that the Corporation incurred fraudulent expenditure in the year.
The level of penalties imposed by the EC has gone down in 2012-13 to £20 million but this is largely caused by administrative delay in the Commission rather than improved compliance by Defra.
For the first time since 2008-09, Amyas Morse, head of the National Audit Office, has given a clear opinion on the annual financial statements of the Legal Services Commission.
Our report provides assurance to Parliament over the regularity and propriety of the high-value transactions generated by the 4G auction process.