Monitor - Independent Regulator of NHS Foundation Trusts
Our publications
Report on the audits of NHS foundation trusts' accounts (year ended 31 March 2007)
Published on: 28 November 2007
The Audit Code for NHS Foundation Trusts makes provision for the review of the work of auditors of NHS foundation trusts. Monitor commissioned the Quality Assurance Department (‘QAD’) of the Institute of Chartered Accountants in England and Wales to undertake reviews on its behalf of the work of auditors in respect of ten audits of NHS foundation trust accounts for the year to 31 March 2007.
These reviews were selected to achieve a broad coverage of auditors currently undertaking this work.
The aim of these reviews is to provide assurance to Monitor that the auditors reviewed have complied with the audit code and that the audits were of a high standard and suitable quality.
Summary of key findings:
- the number and significance of the matters raised by QAD has continued to diminish, as in previous years;
- audits were of a sufficiently high standard and suitable quality; and
- QAD found no indication that an incorrect audit opinion has been given.
- An anonymised version of the full report produced by QAD, which sets out their findings, is available using the link below.
