Ministry Of Defence Annual Report And Accounts 2013 14

Government response to HC 653, session 2013-14 (ISBN 9780215066077)

Government response to HC 896, session 2014-15 (ISBN 9780215084019)

Government response to HC 653, session 2013-14 (ISBN 9780215066077)

For the sixth successive year, the Ministry of Defence Accounts were qualified. The Qualifications covered non-compliance with international reporting standards on the treatment of some contracts; lack of audit evidence on the valuation of inventory (worth some £3 billion) and of capital spares (worth some £7 billion); and on the regularity of the Accounts because of the failure to obtain approval for the remuneration package of the Chief of Defence Materiel. The MoD was also five months late in submitting its audited accounts to Parliament. The National Audit Office had found errors in its sample examination of accruals and so the MoD decided to resolve these problems before submitting the accounts. The MoD said they did not have the necessary expertise to manage the financial complexity that featured in the implementation of the Strategic Defence and Security Review so sought assistance. The MoD should ensure its people have the right skills to deal with all financial problems so that they do not need to bring in expensive external accountants. There is also concern about the MoD's reluctance to estimate the full costs of its operations in Afghanistan, Iraq and Libya. The NAO did not consider that the MoD has adequate information, especially with respect to recording the cost of its activities and outputs, to run its business effectively. The MoD should set out its commitment to improving its management information. It is also vital that defence spending remains at more than 2 per cent of GDP in line with the UK's NATO commitment.

Print and web pdfs available at https://www.gov.uk/government/publications Web ISBN=9781474123365

This publication sets out the annual report and accounts of the Ministry of Defence for the year 2008-09, including a summary of performance against the Public Service Agreement (PSA) objectives and targets. The second volume of the report contains the consolidated departmental resource accounts for 2008-08 and annexes9

Print and web pdfs available at https://www.gov.uk/government/publications Web ISBN=9781474147729