There is a lack of transparency, consistency and accountability in the use of compromise agreements in the public sector and little is being done to change this.
The Equitable Life payment scheme runs the risk of failing to meet payment targets and over-running on costs.
(If you think you may be entitled to a payment, please contact The Equitable Life Payment Scheme or call 0300 0200 150)
By operating in a more integrated way, government could reduce inefficiencies in public services and deliver a better service to citizens.
The NAO has highlighted five risks to the value for money of some national infrastructure projects.
The Whole of Government Accounts (WGA) are an audited set of accounts showing in one place the financial position of the whole public sector. However, the NAO considers that the picture is incomplete.
This Fact Sheet highlights key figures in the Whole of Government Account, audit findings and recommendations. It may also be used by a range of users to obtain a quick overview of the accounts and the Comptroller and Auditor General’s audit opinion.
Review of a sample of the data systems underpinning the input and impact indicators in HM Treasury’s Business Plan, Common Areas of Spend and wider management information.
This Fact Sheet highlights areas of good practice in preparing Whole of Government Accounts returns, including what should be provided to external auditors. It may also be used by audit committees as part of their governance arrangements over financial reporting.
The National Audit Office has today given an update on the financial support provided by the Treasury to the UK banking sector – how much support has been provided, how much is still outstanding and how much it is costing the taxpayer.
The Treasury’s 2009 decision to split Northern Rock in two was reasonable at the time but the final net cost to the taxpayer could be some £2 billion.