The pension payments and Scheme liability are materially supported by employee records for the first time in two years, but underlying issues remain to resolve.
The DWP has not to date achieved value for money in the development of Universal Credit and to do so in future it will need to learn the lessons of past failures.
The Whole of Government Accounts (WGA) are the consolidated financial statements for the whole of the UK public sector, showing what the UK Government spends and receives, and what it owns and owes.
The National Audit Office has today reported on progress in the Treasury’s interventions to maintain financial stability, its wider support for the economy, its capacity to respond to future financial crises, and new reporting developments.
The Comptroller and Auditor General has qualified his audit opinion on the regularity of the National Employment Savings Trust Corporation’s 2012-13 Annual Report and Accounts, on the ground that the Corporation incurred fraudulent expenditure in the year.
The level of penalties imposed by the EC has gone down in 2012-13 to £20 million but this is largely caused by administrative delay in the Commission rather than improved compliance by Defra.
For the first time since 2008-09, Amyas Morse, head of the National Audit Office, has given a clear opinion on the annual financial statements of the Legal Services Commission.
Our report provides assurance to Parliament over the regularity and propriety of the high-value transactions generated by the 4G auction process.
The report details progress by HMRC in stabilising and operating the PAYE service and its progress towards the implementation of its new Real Time Information service. The report also covers HMRC’s performance in tackling VAT fraud, and in reducing error and fraud in personal tax credits.
Amyas Morse, the Comptroller and Auditor General (C&AG), has qualified his audit opinion on the MOD’s 2012-13 accounts.
The Comptroller and Auditor General, Amyas Morse, has qualified his regularity opinion on the 2012-13 financial statements of the Department for Communities and Local Government. This is in respect of two breaches by the DCLG of spending limits authorised by Parliament.
The Comptroller and Auditor General’s audit of the DWP’s Social Fund White Paper Account for 2012-13 has revealed substantial improvements in many areas over which he had previously expressed concerns.
The Comptroller & Auditor General’s audit opinion of the 2011-12 DCMS accounts was qualified due to the accounts not accurately reflecting the value of certain assets held within the Group.
Amyas Morse, the Comptroller and Auditor General, has refused to sign off fully the 2011-12 Civil Superannuation accounts.
The Comptroller and Auditor General has again refused to sign off the financial accounts of the Ministry of Defence.
The Comptroller and Auditor General has qualified his opinion on the regularity of receipts and payments because of the level of error in maintenance assessments. He has also given an adverse opinion on the truth and fairness of the outstanding maintenance arrears.
The Comptroller and Auditor General has qualified his audit opinion on the 2011-12 accounts of the Serious Fraud Office in respect of the voluntary redundancy costs for the former Chief Executive Officer.
The Whole of Government Accounts (WGA) are an audited set of accounts showing in one place the financial position of the whole public sector. However, the NAO considers that the picture is incomplete.
The Comptroller and Auditor General has qualified his audit opinion on the 2011-12 accounts of the Animal Health and Veterinary Laboratories Agency.
The National Audit Office has today given an update on the financial support provided by the Treasury to the UK banking sector – how much support has been provided, how much is still outstanding and how much it is costing the taxpayer.