High Speed Rail 2’s £1.76m of unauthorised redundancy payments could have been avoided with tighter financial control, the Public Accounts Committee has said.
A CIPFA-developed online platform aimed at helping global not-for-profit organisations get to grips with varying financial reporting methods has been launched today.
The International Federation of Accountants has joined with CIPFA to launch an accountability index to encourage public financial management reform around the world.
Since the financial crisis there has been “significant cuts” to areas such as working age benefits and public order and safety, an Institute for Fiscal Studies report has found.
The UK will be in a strong negotiating position to claim a share of EU assets accrued during the country’s membership of the economic bloc as part of Brexit negotiations, according to CIPFA...
The Department for Environment, Food and Rural Affairs and the Ministry of Defence have both had their 2015-16 accounts qualified by the auditor general.
Governments around the world need to hold themselves to the same high standards as they expect from the private sector, the president of the International Federation of Accountants has said.
The Treasury is making progress on improving the quality of the Whole of Government Accounts and there is a path to removing the remaining qualifications, the National Audit Office’s report on the...
Auditor general Amyas Morse has issued an adverse opinion on the truth and fairness of the Department for Education’s group financial statements for 2014-15, concluding they did not provide the...
Communities secretary Greg Clark has insisted that the classification of housing associations as public bodies will not lead to the imposition of financial constraints on the sector. He said he had...
The trend towards ever-greater outsourcing is putting vital public services in the hands of potentially unstable conglomerates but leaving public bodies with the asset risk.
The Office for National Statistics has today classified housing associations as part of the public sector, leading to an estimated £60bn increase in public sector net debt.
Read the Autumn 2015 edition of PFI Magazine, featuring interviews with the World Bank’s Arumna Oteh and newly appointed IPSASB chair Ian Carruthers, plus a cover feature examining the finances of...
