Unqualified FDs oversee government cash
A massive £45bn of government spending is not overseen by a qualified FD, according to the National Audit Office
A report out this week found that six departments still did not have
qualified FDs, despite an initiative to improve the training levels of top
finance chiefs in Whitehall.
The departments named are: the Ministry of Defence; the Department for
International Development; the Crown Prosecution Service; the Office of Fair
Trading; the Office of Gas and Electricity Markets; and the Water Services
Regulation Authority.
The report also said none of the permanent secretaries who head major central
departments and act as ‘accounting officers’ hold professional financial
qualifications.