Concerns have been raised by the National Audit Office and Audit Commission
over the quality of financial information used for NHS organisations at local
level, following worsening financial deficits in the health service.
As NHS organisations revealed over half a billion pounds of deficit for
2004-2005, the joint study into the figures found a ‘disappointing reduction in
the quality of accounts submitted for audit’ over the period, and also
questioned the ability of the NHS to meet the required timetable for faster
production of accounts.
‘There are some systemic issues that have contributed to the deterioration in
financial performance, but there also local failings,’ said Audit Commission
chief executive Steve Bundred.
He said that the impending review of the NHS financial management and
accounting regime – requested by secretary of state Patricia Hewitt – would
provide more depth on improving financial performance in the NHS.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed