Financial Sustainability Internal Audit Briefing

In April 2022 the Healthcare Financial Management Association (HFMA) produced a briefing Improving NHS financial sustainability: are you getting the basics, right? The briefing included a detailed checklist for organisations to use as a self-assessment tool.

NHS England (NHSE) issued guidance that required organisations to commission from their internal auditors a review of the completed self-assessment. The NHSE guidance specified the process to be undertaken locally. It also set out the scope and the timing of the internal audit review.

The attached Insight includes the anonymised results of the NHSE directed internal audit review undertaken against the HFMA’s checklist. The results are based on final reports issued to 360 Assurance and MIAA clients.