Annal Nayyar blogs – How academy’s accounts feed into Whole Government Accounts

The EFA explain this as follows:-

The EFA uses a combination of audited accounts, financial returns and other information to generate the EFA’s consolidated accounts, which are then further consolidated into Whole of Government Accounts (WGA). The EFA’s consolidated accounts are audited by the National Audit Office (NAO) on behalf of the Comptroller and Auditor General (C&AG) in accordance with International Standards on Auditing and will undertake appropriate procedures in accordance with that framework to satisfy the C&AG that these accounts are true and fair.

To this end, each academy is a component of the consolidation and the academy’s accounting officer has a responsibility to prepare the financial information requested by the EFA for this purpose.

Both comments and pings are currently closed.

Comments are closed.