Wales Audit Office sets out best practice strategy
Three year plan to improve spending in public sector
Three year plan to improve spending in public sector
The Wales Audit Office has released its three year strategy aimed at
spreading best practice across the public sector.
It will work alongside partner bodies across the UK to ensure robust
comparisons can be made.
The watchdog said there were generally high standards in public sector bodies
in Wales, but also a ‘number of persistent issues’ that prevented further
improvement.
It said traditional configuration of services, lack of capacity, gaps in
capability and fragmentation of planning and delivery resulted in the poor
financial health in parts of the NHS, inequality in access to services,
ineffective partnership working and uneconomic procurement.
Jeremy Colman, auditor general for Wales, said: ‘Since devolution,
expenditure in the Welsh public sector has almost doubled to a current level of
some £14bn each year.
‘The pace and scale of current changes are considerable and, with it, the
expectations among the public and politicians in terms of standards, equalities
and improvement.’
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe Bank of England has appointed Ernst and Young LLP (EY) as its external auditor from the financial year ending 28 February 2025. Read More...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articlePwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...
View articleTraditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...
View articleThe FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...
View articleOn January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...
View articleDespite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....
View articleAs the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...
View article