A former primary care trust finance director has been reprimanded by her professional accountancy body after her organisation had to adjust its accounts by £7.1m.
Kensington and Chelsea PCT finance director Jennifer Greenshields had failed to provide a reliable, complete and accurate set of accounts for the 2003-04 financial year, the Chartered Institute of Public Finance and Accountancy disciplinary committee found.
Either not all costs relating to 2003-04 were charged to that year or there was an insufficient assessment of the information obtained from budget managers, the committee said.
Ms Greenshields had failed to fix the weakness in the PCT’s financial systems, which contributed to, but was not the sole cause of, the need to restate the 2003-04 accounts by £7.1m.
Also, the 2004-05 PCT budget presented by Ms Greenshields “identified significant risks” but did not provide adequate analysis of their potential impact.
The board was unable to fully monitor the PCT’s financial performance, the committee stated in a report published last week.
It said Ms Greenshields had not acted dishonestly but it considered the findings of breach of professional standards “serious”.
Ms Greenshields declined to comment. A Kensington and Chelsea PCT spokeswoman said Ms Greenshields was no longer in any post at the PCT.