Briefing: New HFMA NHS audit committee handbook following changes

New HFMA NHS audit committee handbook published in March 2024

The Healthcare Financial Management Association (HFMA) is a professional body for finance staff working in healthcare. It provides independent support and guidance to its members and the wider healthcare community. Its NHS audit committee handbook is the industry standard, setting out good practice to support NHS boards and audit committees in reviewing and improving their organisation’s system of governance, risk management, and control.

A fully revised edition of the handbook was published on 20 March 2024, taking account of recent learning from governance failings in the corporate and public sectors. Developed with input from NHS England (NHSE), this update reflects the changed context following the Health and Care Act 2022 and includes consideration of the risks and opportunities of system working and collaboration.