This report summarises my findings from the audit work I have undertaken at Hywel Dda Health Board (the Health Board) during 2011.
I have issued an unqualified opinion on the 2010-11 financial statements of the Health Board, although in doing so I have brought several issues to the attention of officers,
the Audit Committee and Board. I have also concluded that:
- the Health Board’s financial statements were properly prepared and materially accurate;
- the Health Board had an effective internal control environment to reduce the risks of material misstatements to the financial statements; and
- the Health Board’s significant financial and accounting systems were appropriately controlled and operating as intended although there are a number of system weaknesses which require management action.
The Health Board met its statutory financial targets in 2010-11 through a range of cost containment and efficiency savings. The Health Board also received non-recurring resources of £43 million during the year which enabled it to break even.