PracticeConsultingPAC clashes with Treasury.

PAC clashes with Treasury.

The Treasury has clashed with the Commons Public Accounts Committee over departmental compliance with new resource accounting rules. All departments are now under a statutory duty to submit resource accounts to the comptroller and auditor general. A PAC report concluded the issue of ‘accounts directions’ were a matter for the Treasury, ‘however we see little advantage,and some potential difficulty, in the issue of such directions to departments which have not fully demonstrated the capability to produce resource accounts of an auditable standard’. The Treasury said ‘to provide an impetus for such departments, as many as possible should prepare their accounts under a formal direction’.

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