This report summarises my findings from the audit work I have undertaken at Powys Teaching Health Board (the Health Board) during 2011.
I have issued an unqualified opinion on the 2010-11 financial statements of the Health Board, and have identified some issues for consideration during 2011-12.
I have also concluded that:
- the Health Board’s financial statements were properly prepared and materially accurate;
- the Health Board had an effective internal control environment to reduce the risks of material misstatements to the financial statements and more general improvements to the Assurance Framework are being progressed; and
- the Health Board’s significant financial and accounting systems were appropriately controlled and operating as intended.
The Health Board achieved financial balance at the end of 2010-11, but there is a risk that this will not be achieved in 2011-12.