Auditor attacks 'vague' reports

摘要

Financial reporting at Northamptonshire CC was too 'vague' and lacked crucial detail prior to the county's Section 114 notice, a new audit report has revealed.An interim assessment of the troubled county's 2017/18 finances, published by auditor KPMG, painted a grim picture of financial reporting standards ahead of the Section 114 notice, a highly-critical Best Value Inspection (BVI) and the recent appointment of Government commissioners.KPMG's latest analysis said the authority's financial reports submitted to senior councillors in 2017/18 were 'unclear and lack details'.Budget reports submitted by the county's directorates did not provide members with a clear picture of Northamptonshire's finances while some aspects of financial reporting clouded the authority's underlying performance, auditors said.