B19 With a few exceptions Government accounts are audited on behalf of Parliament by the independent Comptroller and Auditor General (C&AG). The C&AG can qualify his audit opinion on the accounts of any Government body if he believes either that accounting guidance has not been properly complied with or that the accounts do not present a true and fair view. The C&AG's most recent report - the General Report for 2001-2 - made it clear in relation to PFI that:
"where he considers that the liabilities arising from financing arrangements are not correctly reflected in the financial statements of the bodies that he audits he will qualify his opinion and report to Parliament accordingly. He has not yet had the need to do so".