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29 Sep 2008
The Tories are to propose an independent audit of the nation’s debt at this week’s party conference as part of an action plan for economic recovery.
The audit aims to uncover all hidden liabilities, with a panel of independent experts holding the chancellor to account on pledges to bring the UK out of debt.
It is one of a string of fiscal plans that shadow chancellor George Osborne is putting forward at conference which also includes the formation of an Office for Budget Responsibility, a new fiscal framework on how the government raises and spends money, and new powers for the Bank of England on debt in the banking system, reports the Telegraph.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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Visitor comments Add your comment
Not another waste of money
All the banks were independently audited and look where they have all finished up.
It appears there is no one to trust to do anything truthfully when money is involved.
Nationalise Auditors and then they should not be scared of publishing a true oppinion without the threat of being replaced.
Posted by: Nick Chambers, 29 Sep 2008 | 00:00