11 May 2011
LOCAL GOVERNMENT audit committees are weak in terms of public accountability and promoting good governance, a new survey has found.
Public finance institute CIPFA questioned heads of local government audit and found their confidence was lacking in these areas, with only 15% describing their public accountability as "very effective".
Further reading
This compares to more than 50% who said they perform strongly in supporting internal and external audit processes.
CIPFA said the survey shows that committees should focus on developing interactions with partner organisations as well as good governance leadership and public accountability.
Assistant director Paul Mason said it "highlights those areas where audit committees are performing well, as well as those areas where improvement is needed".
The institute is holding its 2011 audit conference, 'Audit in a new era of change', in Brighton on 11 and 12 May.
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
Visitor comments Add your comment
Misleading Headline
The text of your article does not match the headline unless you add the word 'committees' to the title. The headline is therefore misleading and in my view inaccurate.
Posted by: Michael Thomas, 12 May 2011 | 09:56
Cart before horse yet again
In the current DCLG consultation on the future of public sector audit, the proposal is to allow audit committees to select their own external auditors and manage what is seen by the internal auditors.
If the findings above are indeed so, it does not bode well.
Posted by: Eleanor, 14 May 2011 | 12:17