FUNCTIONS OF THE AUDIT COMMISSION

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FUNCTIONS OF THE AUDIT COMMISSION
Audit regulator
Audit agency
Research analysis body
Inspector
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The Audit Commissions core values
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PUBLIC MONEY IS DIFFERENT...
THE PRINCIPLES OF PUBLIC AUDIT

• Independent appointmentof auditors

• Mandatory value for money

• Public interest reporting

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AUDITORS FUNCTIONS

• Audit opinion
• Accounts comply with statutory requirements
• Proper practices observed in compiling the
  accounts
• Reports in the public interest
• Apply for declaration of illegality
• Judicial review

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CODE OF AUDIT PRACTICE
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Exercising the auditors powersWestminster City
Council
Westminster City Council
Assuring the public Helping local services
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The level of fraud we have detected continues to
rise
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THE THREE Es
ECONOMY
EFFICIENCY
EFFECTIVENESS
INDEPENDENT... OBJECTIVE... EVIDENCE BASED
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Accident emergency services - huge variations
across the UK
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Theatre utilisation only 10 trusts in our
database actually ran at least 95 of their
planned sessions
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Improving police effectiveness