Treasury chief facing grilling tonight over Resource Accounting

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.

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

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

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