We're having our accounts qualified by the Audit Commission because when we did our annual submission for the Chartered Institute for Public Finance & Accounting we didn't include a separate figure for the book stock for the Mobile Library. We didn't because CIPFA didn't ask for it and don't want it but that's not good enough for the auditors and so the council will lose some of its central government finance next year. (This is the Audit Commission, the one that nods through multi-billion pound cost and ten-year-plus time overshoots of defence projects and Health Service IT programmes.)
Colleagues in London are having their accounts qualified because they couldn't say how much of the stock available on 1st April 2006 had been overdue at some time or another in 2005/6 (eh?).
Madly enough, a colleague elsewhere in the north of England has discovered that the numbers in their submission were made up by his predecessor; and their figures were accepted nem. con. by their auditors!