Dan Peters Monday, March 11, 2024

Oflog should consolidate financial results monthly, say accountants

Oflog should consolidate financial results monthly, say accountants image
Image: Pressmaster / Shutterstock.com.

The Office for Local Government (Oflog) should consolidate the financial results and position of local authorities on a monthly basis, accountants have suggested.

A submission to MPs by the Institute of Chartered Accountants in England and Wales (ICAEW) said Oflog was ‘handicapped by the lack of a monthly financial consolidation and the absence of an ability to mine monthly financial reports’.

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