The Department explained that the resolution of the qualified opinion on the WGA continues to be discussed between the Department and HM Treasury, albeit has been deprioritised while government focuses on its response to the COVID-19 pandemic. The Department told us that it envisaged that it may be particularly challenging to demonstrate the accuracy of the more complex valuations required for land and buildings and the pension assets and liabilities recognised within the SARA at a different ...

The Department explained that the resolution of the qualified opinion on the WGA continues to be discussed between the Department and HM Treasury, albeit has been deprioritised while government focuses on its response to the COVID-19 pandemic. The Department told us that it envisaged that it may be particularly challenging to demonstrate the accuracy of the more complex valuations required for land and buildings and the pension assets and liabilities recognised within the SARA at a different reporting year- end. As such, the Department does not yet have a timescale for addressing the qualification within the WGA arising from consolidation of Type: conclusion | Number: 25 | Response status: not_addressed