This report summarises the findings from audit work I have undertaken at Public Health Wales NHS Trust (the Trust) during the latter part of 2009 and throughout 2010. This work includes the audit of the Trust’s financial statements for the six-month period ended 31 March 2010.
My work on the audit of accounts has led me to give an unqualified opinion on the financial statements of the Trust. The Trust achieved a retained surplus of £18,000 at the end of 2009-10.
I have also concluded that:
- whilst the Trust’s accounts were materially accurate, the accounts preparation process could be further improved; and
- the Trust has adequate accounting and internal control systems in place; however, there are some areas that require further strengthening.
In giving an unqualified opinion, I have drawn the Trust’s attention to a number of issues. These relate to the year-end closedown process and the financial statements preparation process, in particular, the need to improve both the quality of the working papers to support the financial statements and the quality review