
Finance teams can only breathe a very short sigh of relief, after pulling together another year’s set of financial statements, as they move swiftly onto the year-end audit. For many, this year is set to be another challenging audit cycle, with tight timelines and often complex issues to resolve.
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The integration white paper makes it clear that ‘place’ will play the key role in joining up health and care services. But what will places look like and how will they operate?
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‘Urgent action is needed to address climate change or the world will soon face catastrophe’. This warning from Alok Sharma, UK climate minister is echoed in the recent report from the Intergovernmental Panel on Climate Change. Yet, the report makes clear that there is still time to act.
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This year's audit of financial statements will feel strange to anyone used to the annual process. It has been a year like no other and that will be reflected in the accounts and the audit. Temporary financial regimes, centrally funded protective clothing, lost income and accruals for unprecedented levels of untaken holiday are key features. But, while the context may be unique, the fundamentals of a smooth audit remain the same as always.
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The Covid-19 pandemic has changed the way the NHS operates. As the NHS resets, there is a desire to take the opportunity to create a new normal for the role of the NHS finance professional that best meets the needs of the NHS of the future.
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To fulfil their responsibilities, audit committees should ensure they use all sources of information available including management and auditor reports
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Are non-executive directors and lay members ready for the year-end annual report and accounts process?
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A new tool from the HFMA for the first time gives access to all relevant NHS corporate governance documents from a single place.
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