NAO REFUSES TO SIGN OFF MoD ACCOUNTS FOR THIRD YEAR

摘要

The National Audit Office (NAO) has refused to sign off the financial accounts of the Ministry of Defence (MoD) for the third year running. Amyas Morse, the NAO's comptroller and auditor general, said that while the MoD had 'improved its recording of the equipment and supplies it holds in its warehouse and stock systems', it had not furnished the auditors with enough evidence to back up its valuation of military equipment in the form of inventory worth ￡3bn and capital spares worth ￡7bn.