NAO finds massive losses in DWP due to fraud and error
Accountancy Age, 08 Nov 2006
The National Audit Office has painted another bleak picture of the financial controls within the Department for Work & Pensions after qualifying its 2005/2006 accounts for the 17th time.
Its report into the government department found £2.7bn in losses that came about due to fraud and error in 2005-06.
The loss represents 2.2% of the DWP's total expenditure of £124.2bn over the period.
Despite the qualification, NAO chief Sir John Bourn said 'real progress' had been made towards removing or tackling the qualifications that have been made to the department's account in recent years.
‘It is always encouraging to see such progress, but the scale of the challenge ahead remains considerable,’ he said.
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