This report summarises my findings from the audit work I have undertaken at Abertawe Bro Morgannwg University Health Board (the Health Board) during 2011.
I have issued an unqualified opinion on the 2010-11 financial statements of the Health Board, although in doing so I have brought several issues to the attention of officers
and the Audit Committee. These relate to:
- one uncorrected misstatement that did not materially affect the Health Board’s financial position;
- recommendations for improving the calculation of Continuing Healthcare provision;
- the need for appropriate approvals in settling a fuel-tax liability; and
- an update on the continuing position across Wales on accounting for replacement of fixed assets under International Accounting Standard (IAS) 16.