This report summarises the findings from audit work I have undertaken at Powys Teaching Health Board (the Health Board) during the latter part of 2009 and throughout 2010.
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 Health Board’s financial statements were properly prepared and materially accurate;
- the Health 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 Health Board had an effective internal control environment to reduce the risks of material misstatements to the financial statements; and
- the Health Board’s significant financial and accounting systems were appropriately controlled and operating as intended.