This report summarises the findings from audit work I have undertaken at Cardiff and Vale University Health Board (Health Board) during the latter part of 2009 and throughout 2010.
I have issued an unqualified opinion on the financial statements of the Health Board, although in doing so I have brought several issues to the attention of officers and the Audit Committee My work on the audit of accounts has led me to give an unqualified opinion on the
financial statements of the Health Board. I have also concluded that:
- the Board’s accounts were properly prepared and materially accurate;
- the Board achieved financial balance at the end of 2009/10, but only as a result of additional non-recurring funding from the Assembly Government;
- the Board had an effective internal control environment to reduce the risks of material misstatements to the Financial Statements; and
- the Board’s significant financial and accounting systems were appropriately controlled and operating as intended, although there are a number of system weaknesses which require management action.