Monitor, regulator of NHS foundation trusts, has published its latest, revised version of the code, which is similar in content to the previous version, with the following main amendments:
Quality report changes
Content has been added covering auditors’ new responsibilities in respect of the quality report, and examples where an audit certificate may be qualified, have been extended to include reference to where the opinion on the quality report has been qualified.
Changes in light of quality governance proposals for NHS foundation trusts
Auditors’ additional responsibilities in respect of the Statement on Internal Control (to be known as the Annual Governance Statement in the future) linked to Monitor’s proposals for including quality governance arrangements within the Statement on Internal Control.
Changes to reflect amendments in the Companies Act and Code of Audit Practice
• New guidance on the handover of audits (to align the code with the new requirements of the Companies Act in this area);
• Additional guidance on the handling of confidential data (to align the code with the Audit Commission’s Code of Audit Practice 2010 for local NHS bodies); and
• General updates to references to legislation, auditing standards, ethical standards and other external references where these have changed since the code was last issued.
• Clarification of Monitor’s process for reviewing the quality of audit work undertaken each year, arising from suggestions made in the course of the 2010 quality review exercise undertaken on Monitor’s behalf by the Quality Assurance Directorate of the Institute of Chartered Accountants in England and Wales; and
• Additional guidance on Monitor’s expectations of auditors where a foundation trust has been found to be in significant breach in relation to targets and standards during the period subject to audit.
Download the latest version of the latest version of the Audit Code for NHS Foundation Trusts here.