Audit Commission’s latest ‘Financial Health News’ announces forthcoming study on ‘board assurance’

The latest edition of the Audit Commission’s Financial Health News (FHN) – which provides health sector professionals with essential financial health management information, updates on the Audit Commisions’s current work and new national reports, together with editorials about the Commission’s audit work with NHS trusts and Foundation Trusts – contains a number of interesting articles, including:

– update on implementation of Payment by Results (PbR)
– a practical guide to improving medium-term financial planning for PCTs
– Emerging findings from the PbR assurance framework
– Notification of new health studies programme for 2008/09

The new health studies programme will include Board Assurance. According to the Audit Commission, “This study will assess the rigour with which NHS trust and NHS FT Boards assure themselves on the strength of the internal controls to support the accounting officer’s Statement of (sic) Internal Control and therefore the validity of the self assessment and self certifications for regulatory purposes. It will also review the steps Boards take to assure themselves about its quality and the data they receive.”

Current and past issues of FHN can be freely downloaded at the Audit Commissions’s website here.

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