BusinessCompany NewsQueen’s accountant faces annual accounts task

Queen's accountant faces annual accounts task

Newly appointed Keeper of the Privy Purse, KPMG's Alan Reid, has been tasked with preparing, for the first time, annual accounts of the Queen's civil list.

The accounts, due out on 27 June, will, according to a spokesperson: ‘include more information on the household operation’ and ‘performance indicators such as speed of invoice payment’.

They will also include details of spending on such things as IT and personnel. The full accounts will be placed in the House of Commons Library on an annual basis.

Previously civil list accounts were only published once every ten years.The 2001 accounts, revealed spending of £35m.

Reid took over from another KPMG man Sir Michael Peat in March this year and earns £300,000 for keeping his eye on the royal purse strings. Sir Michael has moved on to St James Palace where he is now private secretary to Prince Charles.

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