2000 - 2001 - Central Manchester University Hospitals - NHS ...

Key financial Controls 2000/2001.
The Minimum Control Standards
1. The Control Environment
Minimum Control Standards
1.1. Standing Orders are in place
1.2. Standing Financial Instructions are in place.
1.3. There is compliance with the Secretary of State’s
Directions on fraud and corruption.
1.4. There is an Audit Committee in place.
1.5. There is a Remuneration Committee in place.
1.6. There is an adequate Internal Audit Function.
1.7. There is a mechanism in place to facilitate control
over the acquisition, use, disposal and safeguarding
of assets.
1.8. There is a budgetary control system in place.
2. Identification and Evaluation
of Business Risks
Minimum Control Standards
2.1 There is an annually produced Business Plan.
3. Information and Communication
Minimum Control Standards
3.1 There are systems in place which produce reliable
financial information and proper accounting records.
3.2 There are controls in place concerning the security of
financial systems and data.
4. Control Processes
Minimum Control Standards
4.1 Procedure notes are in place for all significant and
fundamental financial systems.
4.2 Financial systems are subject to Internal Audit coverage.
4.3 There has been adherence to the mandatory
requirements contained within the current NHS
Executive costing guidance.
5. Monitoring
Minimum Control Standards
5.1 The Audit Committee reviews and monitors internal
financial Control and the implementation of agreed
control improvements.
5.2 The Board regularly receives and reviews financial and
performance reports.
Independent Auditors Report to the Directors of Manchester Children’s Hospitals
Summary Financial Statements
We have examined the summary financial statements set out on pages 50 to 55 and the director’s statement on internal financial
control.
Respective responsibilities of Directors and Auditors
The directors are responsible for preparing the Annual Report. Our responsibility is to report to you our opinion on the consistency of the
summary financial statements and the directors’ statement on internal financial control with the statutory financial statements. We also
read the other information contained in the Annual Report and consider the implications for our report if we become aware of any
misstatements or material inconsistencies with the summary financial statements.
Basis of Opinion
We conducted our work in accordance with Bulletin 1999/6 ‘The auditor’s statement on the summary financial statements’ issued by the
Auditing Practices Board for the use in the United Kingdom.
Opinion
In our opinion the summary financial statements and the directors’ statement on internal financial control are consistent with the
statutory financial statements of the Trust for the year ended 31 March 2001 on which we have issued an unqualified opinion.
Mick Waite:
District Audit, Sumner House, St. Thomas’s Road, Chorley, Lancashire PR7 1HP
8th August 2001
Annual Report 2000 ~ 2001
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