PracticeAuditFertility authority’s accounts fall short

Fertility authority's accounts fall short

The accounts of the controversial Human Fertilisation and Embryology Authority have been qualified because of missing fee revenue of up to £1.25m.

Link: NAO looks forward to ‘robust’ accounting regime

Comptroller and auditor general Sir John Bourn said he had reported on the problem a year before, after which internal auditors reviewed the extent of under-reporting of fertility clinics’ treatment cycles – on which their dues to the authority are based.

A systems data auditor tasked with ensuring all treatments are recorded by means of a rolling programme of visits, only visited 11 out of 119 centres, of whom five had under-reported by an average of 3.1%, but the program of visits ceased in February this year.

Bourn said he would have undertaken additional procedures to verify the income due, but could not do because the authority were barred by law from disclosing information on their register to any third party.

He said the authority recognised the current system for calculating fees and invoicing clinics was unsatisfactory and had instituted monthly billing.

It will now also set up a new verification team and is currently consulting on a new fee structure.

It is required by law to cover its costs from fees – but last year (2001/2002)was 33% short.

Related Articles

Is predictive analytics the end of the annual audit?

Audit Is predictive analytics the end of the annual audit?

6d Martin Herron, MHA MacIntyre Hudson
Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

Audit Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

2w Emma Smith, Managing Editor
PCAOB sanctions former Deloitte Turkey CEOs over altered documents

Audit PCAOB sanctions former Deloitte Turkey CEOs over altered documents

2w Alia Shoaib, Reporter
KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

1m Alia Shoaib, Reporter
FRC introduces £10m sanctions for Big Four firms

Audit FRC introduces £10m sanctions for Big Four firms

2m Alia Shoaib, Reporter
Ukraine’s PrivatBank files $3bn claim against PwC

Audit Ukraine’s PrivatBank files $3bn claim against PwC

2m Alia Shoaib, Reporter
Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

Audit Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

2m Alia Shoaib, Reporter
Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

3m Alia Shoaib, Reporter