Home Office accounts in ‘chaotic state’

Home Office accounts in 'chaotic state'

National Audit Office accuses Home Office of 'spectacular failure' in way accounts handled

In an unprecedented level of criticism, the National Audit Office has accused
the Home Office of allowing its accounts to fall into a ‘chaotic state’.

The NAO found a ‘spectacular failure’ in the way accounts were handled, with
‘numerous errors and inconsistencies’.

Sir John Bourn, the head of the NAO, reported to parliament that he could not
reach an opinion on the accuracy of the department’s accounts for 2004-05.

One NAO official told the Financial Times: ‘It’s an unusual report for us,
but one which underlines the chaotic state we found the accounts in.’

The introduction of a new accounting system contributed to muddled figures,
and a 10-week delay in the delivery of the accounts, the NAO found.

Sir John Gieve, who was the top civil servant at the Home Office during the
period covered by the NAO’s report, became a deputy governor at the Bank of
England and a member of the monetary policy committee last month.

The Home office accepted the NAO’s criticisms, but said ‘a great deal of work
had been done over recent months to put right the problems’.

Share

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2y Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2y Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

5y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2y Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article