Treasury chief facing grilling tonight over Resource Accounting
The Government Resource and Accounts Bill has been delayed in its standing committee stage to allow time for the quizzing of Andrew Smith, chief secretary of the Treasury.
The Government Resource and Accounts Bill has been delayed in its standing committee stage to allow time for the quizzing of Andrew Smith, chief secretary of the Treasury.
In an unusual move the Government had scheduled two sessions of the Bill?s standing committee yesterday to hurry it through, but they were persuaded to adjourn until the Public Accounts Committee had had time to grill the chief secretary at a meeting tonight.
David Davis, chairman of the PAC, and member of the standing committee, convinced Government whips that time was needed to question the chief secretary and in light of answers possibly revise amendments to the Bill.Davis said: ?They?re in a hurry to get the Bill through. They were being a bit silly.?
The Resource and Accounts Bill intends to bring commercial accounting practices to government departments and has already been heavily criticised in a report published by the PAC.
It claims the Bill fails to cover billions of pounds of government spending and amounts to a failure to protect the democratic rights of Parliament.In the report David Davis said: ?Our system of public finance and accountability is the envy of the world and this Bill goes to its heart. The Bill does nothing to strengthen Parliament?s democratic position.?
Resource and Accounts Bill will miss large sections of the public sector
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View articleWhen employees publish opinion and statements on social and other online mediums, they may be leaving themselves open to interpretation of codes of et...
View article