Governance and audit

Our detailed directory of all the resources the HFMA has on offer.

This briefing summarises the current audit context and shares top tips to plan for an audit that runs as smoothly as possible.

This paper provides NHS non-executive directors with key reminders as they review their 2023/24 annual report and accounts.

This short paper is intended to support audit committee members to easily understand the range of external audit reports and additional powers.

This paper covers: what a good year-end working paper looks like; good practice arrangements; and some key issues to consider for 2023/24.

The HFMA’s NHS audit committee handbook is a comprehensive guide covering aspects such as the purpose, arrangements, roles and supporting checklists.

This briefing set out for members what the head of internal audit opinion is and why it is important, along with key requirements and considerations.

The HFMA broadly supports the proposed changes although we do have concerns over the timing of the May 2025 backstop date.

The HFMA supports the proposed changes as part of the package of measures to address the local audit backlog in England.

A comprehensive guide of how the NHS finance regime works, as well as the wider landscape in which it operates.

This supplement showcases the 2023 winners and those shortlisted for awards. The winners were announced during the HFMA annual conference in December.

The HFMA has responded to CQC’s consultation on regulatory fees for integrated care system assessments.

The HFMA has responded to the Financial Reporting Council’s consultation on revisions to the Ethical Standard

The map brings together the key guidance and models to support effective corporate governance within the NHS.

The HFMA has responded to the Financial Reporting Council’s consultation on proposed revisions to the UK corporate governance code (the Code).

Dealing with the over collection of taxes after the compliance checks.

The map brings together the key guidance and useful resources to help navigate the changes brought about by the Health and Care Act 2022. 

All NHS bodies will go into this year’s final accounts process with an auditor in place, NHS England CFO Julian Kelly told MPs this week.

For most NHS bodies, it’s a relatively quiet year from a financial reporting perspective.

Developments in the world of healthcare in the past three months.

The Scottish government must come up with a clear plan for health and social care to ensure the financial sustainability of the country’s service.

The Department of Health and Social Care has had its 2022/23 accounts qualified over its treatment of elective recovery funding.

Hardev Virdee, group chief finance officer for Barts Health NHS Trust, has been named the 2023 HFMA Finance Director of the Year.

Four chief finance officers make up this year’s shortlist for the HFMA Finance Director of the Year Award in the 2023 HFMA awards.

The ‘unacceptably high’ backlog in the local government audit system may get worse before it improves.

Since capital accounting was introduced in the NHS back in the early 1990s, tangible and intangible assets have been held at valuation.

Kwasi Kwarteng resigned as chancellor after a little over a month in office and was replaced by Jeremy Hunt.

The HFMA year-end survey painted a picture of a difficult year-end for 2021/22 and there are indications that 2022/23 will be no easier.

Auditor general Adrian Crompton (pictured) said the position on break-even had improved. Cardiff and Vale University Health Board.

Virtual wards are seen as one way of supporting NHS recovery and plans are being developed across the UK.

Feedback on charities' annual return changes, health spending on Covid-19, unbundled services costing change, and the updated oversight framework.

NHS England and NHS Improvement published details of the minimum NHS contributions to better care fund (BCF) plans at the beginning of May.

Governing the health and care system in England – Chris Ham, King’s Fund senior visiting fellow and former ICS chair.

Tough winters are par for the course in the NHS, and another regular feature of the healthcare year emerged.

Liverpool University Hospitals NHS Foundation Trust has revised many of its financial rules.

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While most events continue to be delivered on-line, Mark Knight reflects on a cautious first return to in-person meetings.

It was previously announced that all CCG staff below board level were being given an employment commitment.

This one-day event provided essential practical guidance and a useful forum for discussion for audit committee chairs and members.

This two day conference was designed to assist all those involved in the planning and delivery of the annual accounts process for the year 2021/22.

This one-day event provided essential practical guidance and a useful forum for discussion for audit committee chairs and members.

This two day conference assisted all those involved in the planning and delivery of the annual accounts process for the year 2022/23.

A discussion of common priorities, challenges and successes within their field

Topics incluced system assurance, feedback of the sustainability audit, an overview of ISA 315 and 240, and the findings from the 2021/22 DHSC audit

This event will explore the environmental sustainability challenges facing the NHS

This event intended to keep those involved with the finance and governance of NHS charities up to date with any changes to practices and procedures.

This forum is designed as an update on NHS finance current priorities covering the roles of NHS chairs and non-executive directors.

The procurement forum brought together finance and procurement-based colleagues to explore the benefits of joint working and best practice.

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