Continuing improvements are evident in the quality and timeliness of annual accounts, but there is scope for some bodies to improve their quality assurance procedures and annual reporting
The Auditor General and Wales Audit Office have released their joint Annual Plan for 2017-18, outlining how they will deliver on the plan and its objectives.
While the quality of accounts preparation has improved on last year, organisations continue to face challenges in producing accurate accounts earlier and managing budget constraints
“But colleges’ financial health varies and the impact of funding cuts on the quality of provision and outcomes for learners is not yet clear, says Auditor General.”
There's a need to ensure they are securing value for money and developing a more strategic working relationship, says Auditor General.