VFM and the Business Plan
The Group Business Plan highlights the strategic objectives that the Group is committed to achieving
and includes within these, direct reference and alignment with the VFM strategy. This ensures that
the projects and work that the Group is delivering are clearly demonstrating efficient use of resources
whilst achieving planned targets.
Accord’s 2016 VFM self-assessment statement has been externally validated by Grant Thornton who
have reviewed the statement content against its own interpretation of the VFM regulatory standard and
highlighted compliance throughout. Grant Thornton’s review complements the regular internal audit
reviews of services, each of which includes an assessment of the VFM approach to delivery.
A recent internal audit review around the Group’s approach to VFM including the preparation of the
VFM Self-Assessment Statement, was audited by the Group’s internal audit function and the highest
level of assurance was achieved from the review. This confirms the Group’s commitment to reporting
VFM in a detailed, understandable and wholly transparent manner.
The projects and work that the
Group is delivering are clearly
demonstrating efficient use
of resources whilst achieving
planned targets.
Financial Statements 2016
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