Source · Select Committees · Public Accounts Committee
Recommendation 28
28
Departmental and Group accounts repeatedly qualified due to inventory valuation failures.
Conclusion
The Department and bodies within its Group have had a number of financial governance and accounting failures in recent years. The Department Core and Group accounts have been qualified by the C&AG for the past two years. In both 2020–21 and 2021–22 there was a ‘true and fair’ qualification arising in respect of inventory, this arose as the Department was unable to perform stock takes to evidence the existence, completeness and valuation of inventory.55 The Department acknowledged that the inventory qualification will remain until the Department has disposed of all of the excess and unusable PPE it has.56
Government Response
A response document is linked to this report, dated 24 September 2023. Response attribution to this conclusion has not been verified. Read the response document ↗