Article:

Audit & Financial Advisory

12 July 2013

The public sector is undergoing significant change.  Organisations are under financial pressure and are having to make difficult decisions in order to deliver more for less. Strong financial control and effective risk management have never been more important.

BDO is a major supplier of external and internal audit services to the public and private sectors, including healthcare organisations, local authorities and central government bodies. Our team is led by a partner with significant experience of leading external and internal audits in the public sector.

Among the services we offer are:

  • External audit services to Foundation Trusts, charitable funds and central government departments and agencies
  • Grant certification
  • Technical advice and support on accounting issues. This includes accounts preparation, advice on technical accounting issues (e.g. consolidation of entities and valuation issues), secondments and interim support, review of the cost and effectiveness of the finance function
  • Outsourced and co-sourced internal audit services to the public sector
  • Governance and risk management advice and support. This includes reviews of governance arrangements, reviews of the cost and effectiveness of internal audit, risk management training and workshops, secondments and interim support

As part of our various audit offerings to the NHS, we ensure we are able to apply the latest thinking and health strategy to the audit process through working alongside our Healthcare Advisory teams. This enables the audit process to become a core part of supporting the health organisation to deliver improved and sustainable services. Our existing NHS clients value the link between our audit offering and advisory services.