Department for Work and Pensions Accounts 2021-22
The National Audit Office has reported on the 2021-22 accounts of the Department for Work and Pensions.
7 Jul 2022
Financial management is the system by which the resources of an organisation are planned, directed, monitored and controlled to enable the organisation's goals to be met.
Good financial management means an organisation anticipates and responds to changing circumstances and risks, delivers programmes to budgets and plans, constantly improves efficiency and services, and provides accurate and meaningful information to its stakeholders. All of this is more important than ever given big cuts in public spending, increasing delivery of services locally and through contracts, new financing mechanisms, greater demand due to demographic changes and new risks, such as cyber crime.
Financial management must therefore be a key part of public bodies' strategic and operational decisions and plans; they must have the financial information needed to make decisions and monitor operations; and their staff must have the right financial and commercial skills.
Browse the publications below, or find out more about lessons and good practice in:
Key NAO publications:
The National Audit Office has reported on the 2021-22 accounts of the Department for Work and Pensions.
Our tool is primarily based on guidance from central government, most notably HM Treasury’s Audit and Risk Assurance Committee Handbook.
This report looks at the Office for Student’s responsibilities for financial regulation of higher education providers.
This report examines whether the Ministry of Defence has managed to reduce the risks to affordability in its Equipment Plan.
The National Audit Office has reported on the 2020-21 accounts of the Department of Health and Social Care.
This report examines the use of financial models across government.
This framework provides a structured, flexible approach to reviewing models. It is intended to aid those commissioning or undertaking analysis of a model with the aim of determining whether the model is robust and reasonable.
This interactive guide sets out good practice principles for annual reporting with examples from public sector organisations.
This report provides an update on the Bounce Back Loan Scheme.
This report examines government’s progress in developing the provision and use of evaluation evidence across government.