The Audit Commission has warned that one of the countries largest health
authorities is so far in debt that it could run out of cash.
Optimisitc assumptions for the Surrey and Sussex strategic health authority
still see the body in the red to the tune of £80m by March, endangering its
ability to pay employees or purchase goods.
District auditor Helen Tompson argued that ‘radical action was needed for
authority to turn the situation around. The report recommended that all NHS
bodies in the authority produce robust plans to implement the strategic work
programme that has been developed, that financial recovery planning and
forecasting be improved and performance management processes be strengthened.
The action could also include the merger of services and potential closure of
hospitals, according to the Financial Times.
Plans to tackle criminals defrauding London’s councils have taken a major step forward with the appointment of CIPFA to provide data analytics for the London Counter Fraud Hu
Government services will be decimated if proposed reforms to IR35 in the public sector go ahead, a study has warned
CIPFA and EY form partnership to produce fully compliant accounts for local authorities
Head of editorial Kevin Reed discusses this week's important accountancy news, including Brexit and audit market evolution