Public spending watchdog the Accounts Commission has flagged up transparency failings in its latest annual report on the financial health of local authorities in Scotland. The body said an analysis[…]
A report to Hertfordshire’s most recent audit committee meeting said the “treasury control failure” had come to light in August, one day after the multi-million-pound redemption was not received. The[…]
As an eventful year for local authority treasurers draws to a close, Room 151 takes a look at the top 10 stories from the sector during 2019. 10. Spending watchdog[…]
Northamptonshire County Council’s new section 151 officer should draw up plans to repatriate powers from government commissioners amid ongoing problems with financial management, according to an independent review. In September,[…]
The government has ruled out setting up a new Audit Commission-style watchdog to oversee scrutiny of council finance – seemingly irrespective of the findings of the Redmond review. A formal[…]
The Local Government Association has protested to two Whitehall departments about the impact on councils of delays by auditors in preparing their accounts. LGA resources board chair Richard Watts told[…]
Peterborough City Council’s cabinet has voted to set up a housing revenue account (HRA) to allow it to expand the number of homes for rent it owns and take advantage[…]
The Redmond Review of local authority audit will consider whether councils are being effectively held to account following changes to business models including greater commercialisation and property investment. Sir Tony[…]
The government is to consider changes to the prudential framework covering local authority finances to prevent a repeat of the controversy over Peterborough City Council’s use of capital receipts. In[…]
The complexity of the audit framework and fragmented responsibility for oversight are at the root of delays to the signing-off of last year’s accounts, says Paul Dossett. The audit profession[…]
