The Security and Intelligence Services financial statement for 2000-01, whichgives a bald outline of their total spending, stated the weaknesses were ‘in areas of procurement and contract and asset management’ and that they were ‘being addressed in 2001-02’.
Comptroller and Auditor General Sir John Bourn, saw greater details. He qualified his opinion of secret resource accounts for Governmentcommunications HQ, ‘because I was unable to obtain all the information andexplanations that I considered necessary regarding the valuation of fixedassets and related figures in the accounts’.
He gave details in a report which he showed to Public Accounts CommitteeChairman Edward Leigh, but which will never be seen by anyone else under secrecy conventions.
Spending by modern-day 007’s and their like, shot up by 20% from £761 million in 1999-2000 to £827 million in 2000-01.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester