MoD's accounts system under fire

The Ministry of Defence has failed to solve the ongoing problems that have dogged its campaign to implement resource accounting, according to the National Audit Office (NAO). The NAO's annual report into government departments' accounts revealed that the ministry faced major difficulties a...

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Bibliographic Details
Published inFinancial Management p. 4
Main Author Parry, Charlotte
Format Trade Publication Article
LanguageEnglish
Published London Chartered Institute of Management Accountants 01.02.2002
Subjects
Audits
Fixed assets
Government agencies
Governmental accounting
United Kingdom > UK
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Summary:The Ministry of Defence has failed to solve the ongoing problems that have dogged its campaign to implement resource accounting, according to the National Audit Office (NAO). The NAO's annual report into government departments' accounts revealed that the ministry faced major difficulties as it tried to move from a cash-based system to an accruals-based one for its assets.
ISSN:1471-9185