PracticePeople In PracticeAccountancyAge.com weekly news focus: Public Services

AccountancyAge.com weekly news focus: Public Services

NHS accounts looked to be in the clear this week and ready for being signed off unqualified for a record sixth successive year, while the Audit Commission remained in the news after being on the receiving end of a cutting attack from KPMG.

The clearest possible signals emerged that NHS accounts would be unqualified despite some obstacles remaining still to be overcome.

That said, one of the major stumbling blocks, delays in processing prescriptions at the Prescription Pricing Authority, seem to be near solution as it became clear the Audit Commission was willing to accept compromise proposals.

The Commission is now said to be happy with a ‘degree of estimation’ when health authorities work out their prescription expenditure.

Meanwhile KPMG has launched into the Audit Commission and its arms-length agency District Audit.

The Big Five claims the amount of work done by District Audit for the Commission should be cut by and third and the market opened up to private firms.

KPMG also claims the future of public sector audit is under threat because District Audit does not train enough people, preferring instead to maximise income by using short-term contract workers, some of whom come from overseas.

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor