PAC to give NAO verdict

PAC to give NAO verdict

The Public Accounts Commission is in talks today to decide its response to ex-FSA chief's proposals, which include a possible merger of NAO and Audit Commission.

The Public Accounts Commission is in talks today to thrash out a response to
John Tiner’s review of the governance of the National Audit Office.

The ex-FSA boss was brought in by the commission to conduct
a study
of the NAO’s corporate governance and stated a case for the NAO merging with the
Audit Commission as part of the sweeping overhaul.

The body, charged with keeping a close eye on the NAO, which itself monitors
public spending, is making its recommendations to ensure that the NAO’s
corporate governance framework meets requirements.

During last year, the NAO came in for sustained criticism after its former
chief Sir John Bourn and other top brass were embroiled in an expenses storm.

A commision spokesman said: ‘They set up the Tiner review because something
clearly needed to done at the NAO. They will be publishing their response later
this week.’

Further reading:

NAO
under more expenses fire

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article