Published 29 days ago • loading... • Updated 15 days ago

Investigation set to launch into two former council staff over Woking bankruptcy

Summary by Get Surrey

The financial watchdog has been in touch with the former chief executive

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Room 151

The blame game: why are s151 officers always in the firing line?

Until recently, the FRC had little involvement in local government affairs. But with investigations into council officers becoming more frequent, where is the political accountability? This month, the Financial Reporting Council (FRC) launched its second investigation into local authority officers, with two of Woking Borough Council’s former employees under scrutiny for investment activities that ultimately lead the authority to rack up a debt o…

15 days ago

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accountancydaily.co

Ex Woking Council accountants face FRC probe

standfirst: Serious financial problems at Woking Council have resulted in the launch of a major investigation into the work of former senior accountantsAfter debt grew from £400m to £1.8bn between 2017 and 2022, and various damning audit reports were published last year, now the accounting regulator, the Financial Reporting Council (FRC) has launched an investigation into former accounting staff at the council, including the chief financial offi…

28 days ago

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Local Government Chronicle (LGC)

FRC confirms Woking investigation

The Financial Reporting Council has confirmed that it is investigating the conduct of two former employees of Woking BC. In an announcement this morning the FRC said its investigation covers “compliance with governance, reporting, regulations and professional standards in respect of Woking Borough Council’s operations…The post FRC confirms Woking investigation appeared first on Local Government Chronicle (LGC).

28 days ago

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