AFP-Despite pledging to pay millions of pounds in extra tax in Britain, Starbucks faces a battle to restore its reputation...
Gigantic balloon creature splits opinion in AustraliaAFP - A gigantic whale-like balloon with pendulous udder-like appendages, designed to mark the centenary of Australia's...Read More...
Picasso, Duchamp in first ever face-off in StockholmRead More...
AFP- Stockholm's Museum of Modern Art is pitting Pablo Picasso and Marcel Duchamp, two of the 20th century's...
Italy experts find 100 drawings by young Caravaggio: reportRead More...
AFP- Italian art experts have discovered around 100 drawings and some paintings by the young Renaissance master Caravaggio...
J.K. Rowling puts magic in PlayStation interactive bookAFP-Harry Potter author J.K. Rowling is putting the magic in a "Book of Spells" that uses augmented reality to make...Read More...
Yo-Yo Ma and Paul Simon win 2012 Polar Music PrizeRead More...
AFP-Acclaimed Chinese-American cellist Yo-Yo Ma and "world-class songwriter" Paul Simon, also of the United States,...
Rock analysis suggests France cave art is 'oldest'Read More...
(AFP) Experts have long debated whether the sophisticated animal drawings in a famous French cave are indeed the...
|No clean bill of health for MoD|
|Thursday, 06 December 2012 19:29|
Auditors have refused to give the Ministry of Defence's accounts a clean bill of health for the sixth year running.
The Press Association-The National Audit Office raised concerns over record-keeping for equipment and spare parts worth around £10 billion. The department also failed to get permission from the Treasury to pay Chief of Defence Materiel Bernard Gray £245,000 a year.
NAO head Amyas Morse said: "The MoD has made welcome progress in improving the way it keeps track of its inventory and capital spares. It is still not able, however, to provide enough evidence to meet the accounting requirements for its valuation of over £10 billion worth of military equipment.
"It has again not followed proper accounting requirements with regards to leases. Therefore, I am qualifying my audit opinion."
The watchdog said it is now satisfied with how the MoD is accounting for Bowman radio kit - a problem which led it to qualify the books in previous years (photo by Tinnic).
But although there had been "improvements" in records of warehouse stocks, there was still "insufficient evidence" about whether some of it was leased.
Under rules brought in by the coalition in 2010, any remuneration package above the Prime Minister's £142,500 salary has to be signed off by the Treasury.
But the NAO said that had not yet been done in the case of Mr Gray, even though he was appointed to the post in January 2011.
According to the MoD accounts - which were published on Thursday, eight months after the end of the tax year - Mr Gray's annual salary was £240,000-£245,000 in 2011-12.
A note in the document added: "Approval for the remuneration package... is being sought from the Chief Secretary to the Treasury."