2019/20 year-end reminders for non-executive directors and lay members
20 February 2020
This paper is intended to provide non-executive directors and lay members with key reminders as they review their 2019/20 annual report and accounts. Pulling together items raised at the HFMA pre-accounts planning conferences in January 2020, it sets out the main issues to be aware of for 2019/20 as well as key questions non-executive directors and lay-members should be asking.
Non-executive directors and lay members review and approve the annual report and accounts. They can bring their wider knowledge of the NHS body to this process but also need to be aware of the specific accounting issues that many NHS bodies are facing. For 2019/20 these include IFRS 16 leases, accounting for pension contributions, IFRS 9 and 15, valuation of non-current assets and submission and sign off the annual report and accounts.
Support from the HFMA ahead of the year-end for non-executive directors and lay members:
Briefing: The external audit: best practice in working well together
Briefing: External audit reports: the role of the audit committeeG
Briefing: How to review and scrutinise the numbers
Briefing: NHS corporate governance map
Briefing: Accounting for leases: why it affects you