This report to Parliament summarises the results of financial audit work undertaken on behalf of the Comptroller and Auditor General in 2006, on the 2005-06 accounts of United Kingdom central government bodies and highlights key issues arising from that work. The Comptroller and Auditor General is the appointed auditor of all United Kingdom central government departments, executive agencies, and a wide range of other public bodies. In total, the Comptroller and Auditor General audits approximately 470 accounts per year, incorporating total expenditure and revenue of approximately £800 billion. In reporting the results of audit examinations, this report focuses upon the Comptroller and Auditor General's audits of the receipts of revenue and of public debt and reserves, as well as commenting upon the quality and timeliness of financial reporting and the other information accompanying the financial statements of the spending departments, their agencies and non-departmental public bodies. It also discusses the reporting of significant losses by departments and progress towards the future compilation of the whole of government accounts.

Also known as Northern Ireland Resource Accounts 2004-2005

The Comptroller and Auditor General is Parliament's independent auditor who examines and certifies the accounts of government departments, executive agencies, and other organisations. This report summarises the results of financial audit work undertaken by the National Audit Office from February 2004 to January 2005 and highlights key financial audit and accounting issues in the central government sector. Overall the standards of accountability and probity remain high and qualified opinions were issued on only four sets of departmental resource accounts. The report is in three sections: financial audit; corporate governance; adding value.