LBWF finance

London Borough of Waltham Forest: the local authority that can’t even finalise its annual accounts – AN UPDATE

Mystery continues about the fate of LBWF’s 2018-19 externally audited annual accounts. As a previous post outlined, these were due on 31 July 2019, so that they could be signed off by the Audit and Governance Committee, but the auditor, Ernst and Young LLP, was tardy in starting work; then became entangled in ‘historical audit issues‘, possibly dating to as far back as 2007; and in the end was for... »

London Borough of Waltham Forest: the local authority that can’t even finalise its annual accounts

Every year, like other local authorities, LBWF is bound by law to produce its annual accounts, using an external auditor and a timetable specified by the Accounts and Audit Regulations of 2015. But this year, the procedure has gone wrong, indeed very wrong, and now there is a lively post mortem in progress about who is to blame, and what are the likely consequences. As regards the 2018-19 audit, L... »