This report summarises my findings from the audit work I have undertaken at Public Health Wales NHS Trust (the Trust) during 2011.
I have issued an unqualified opinion on the 2010-11 financial statements of the Trust, although in doing so I have brought several issues to the attention of officers and the Audit Committee. Whilst I recognise that there has been a substantial improvement in the final accounts preparation process this year, further improvements can still be made.
I have also concluded that:
- the Trust’s accounts were properly prepared and materially accurate; however further improvements are required in some areas of the preparation process; and
- the Trust has an effective internal control environment to reduce the risks of material misstatements to the financial statements, although there is scope to strengthen some aspects further.
The Trust achieved financial balance at the end of 2010-11, as a result of effective financial management and budgetary control.