A committee report blamed a failure to monitor and forecast financial performance for departments’ inability to act to reduce spending or seek approval before requesting additional funds.
MPs on the committee were also ‘very concerned’ that the Cabinet Office failed to prepare and transmit 2002/2003 resource accounts to the comptroller and auditor general in time to meet the 30 November deadline (as required by law) and then to reveal £2.4m overspending in accounts too late for Sir John Bourn to express an opinion on their accuracy.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned