UK PUBLISHES WHOLE GOVERNMENT ACCOUNTS FOR FIRST TIME
July 1st, 2011
BY KEITH NUTHALL
THE UK Treasury has published the entire British government accounts for the first time, increasing the possibility for fraud to be detected by outside financial forensics. They are currently unaudited, but fully audited accounts will be published in the autumn. The Treasury said they will make visible the extent that Britain's Private Finance Initiative (PFI) liabilities are off-balance-sheet, showing how UK indebtedness could be underestimated. Chancellor of the Exchequer George Osborne, said: "The information published...represents a ...
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