PracticeAuditGovernment audits to safeguard public funds

Government audits to safeguard public funds

Chancellor Gordon Brown is expanding audit and inspection across government in a determined bid to ensure the cash he is pouring into public services is not wasted.

He told MPs in his Spending Review statement: ‘We have a special duty to make sure public money is spent efficiently and we are as determined to secure value for money as we are to secure money for services.’

Brown said he was publishing new Public Service Agreements setting out agreed outcome targets and reforms for each department.

He said: ‘With independent audit and statutory inspection, departments and agencies will be fully accountable for performance against targets.’

‘In addition to the new Police Standards Unit, we are creating the new Health and Social Care Inspectorates and a reformed Criminal Justice System inspection regime and a single housing inspectorate,’ Brown added.

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