NAO issues new draft Code of Practice
The new code sets out how auditors of public bodies fulfil statutory responsibilities.
Read the latest insights on improving financial management in the public sector, including key findings from the UK National Audit Office, Audit Wales and public auditors around the world. Delve into the issues with ICAEW’s Better Government Series of policy insights that looks at how to improve financial management in the public sector and how to build strong finance leadership to ensure public money is spent wisely on behalf of citizens.
The new code sets out how auditors of public bodies fulfil statutory responsibilities.
The National Audit Office (NAO) has found that HMRC does not have a specific strategy for tackling tax evasion, and that a cross-government approach as well as a better use of HMRC’s powers could increase tax revenues.
This month’s top stories include: warning of a fraudulent HMRC letter; confirmation of how property income for Making Tax Digital is calculated; and HMRC changes to LLP salaried member rules.
ICAEW Annual Conference 2024: Business for Nature Advocacy Director Maelle Pelisson says there’s an urgent need for businesses and governments to work together to achieve a nature-positive economy by 2030.
New committee needed to scrutinise sensitive government expenditure, says PAC
The National Audit Office chief highlights areas of opportunity for government, but warns savings could only come from more innovation, better data and tighter governance.
The National Audit Office has criticised the government for failing to deliver levelling-up funds on time.
Government’s unpreparedness for extreme weather events limits its ability to demonstrate whether value for money is being achieved.
Focus must shift to prevention, PAC warns, after the body responsible for overseeing government expenditure calls for action to tackle currently untracked fraud and error losses of potentially tens of billions of pounds a year.
DLUHC’s assessment finds that local and national systems for delivering public services are not currently designed to facilitate joined up working across government.
ICAEW engages with the Fabian Society and their pamphlet ‘Prizing the Public Pound’ on local audit and spending effectiveness in central government, in which they call for a future Labour government to reorganise, revitalise and expand public audit in England.
An ICAEW policy insight aimed at helping governments and parliaments understand how good balance sheet management can improve the overall management of the public finances.
The role of professional accountants is fundamentally about creating trust. Trust that numbers are correctly stated and that a true and fair account has been produced, showing what money has been raised and how that money has been used.
A decade after the corporate debt crisis, public debt is at an all-time high and continues to rise. The potential for a global public debt crisis should not be ignored. ICAEW shares policy insight.
In this publication, we explore the drivers for strong financial leadership and the skills and competences that, in our view, a strong finance leader should have.
ICAEW has a new addition to the better government series: a guide for stakeholders working with the UK Central Government Public Financial Management System.
Sustainable Public Finances: EU Perspectives. Synopsis of discussion on 8 November 2016
ICAEW has published a new framework guidance document Building blocks to better PFM - A cash to accruals accounting toolkit as part of its Better Government Series.