Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 30
30
Accepted
Paragraph: 131
Assess potential benefits of decoupling value for money from financial audit work
Recommendation
The Department should work with the organisation that prepares the Audit Code (currently the National Audit Office, eventually the system leader) to assess the potential benefits (for example, to timescales and resourcing) of decoupling value for money work from financial audit work, and report the findings of the assessment to us for further consideration before the end of this Parliament.
Government Response Summary
The government agrees with the recommendation, committing to consult on decoupling value for money work from financial audit work, continue collaboration with the NAO and FRC, and report the assessment findings to the Committee before the end of this Parliament.
Paragraph Reference:
131
Government Response
Accepted
HM Government
Accepted
We agree with the Committee that there are potential benefits in decoupling this work. We plan to consult on this and will continue to work with the NAO and the FRC to consider the merits of this. We will report back to the Committee in the time frame requested.