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Auditing is becoming an increasingly expensive part of the management of health care. Discuss the role it plays in the financial management of a hospital, and comment on the value this adds.  

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MBA (Health Executive) Programme 2001 Accounting and Financial Management Assignment: Auditing is becoming an increasingly expensive part of the management of health care. Discuss the role it plays in the financial management of a hospital, and comment on the value this adds. Student Number: 020109477 Report to: Education and Training Development Group of a NHS Trust From: Student Number: 020109477 Subject: A review of the present system of, and the future for, financial audit within the overall audit framework of the National Health Service. 1. Introduction to paper This paper aims to define audit within the context of the National Health Service (NHS) with a particular focus on the financial auditing of NHS Trusts. The paper will provide an introduction to public sector and NHS audit, discuss the uncertainty concerning audit and identify key implications for the future. 2. Introduction to Audit The Collins Concise English Dictionary defines audit as "an inspection, correction and verification of business accounts by a qualified accountant" and "any...

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