Select Committee · Public Accounts Committee

Whole of Government Accounts 2023-24

Status: Open Opened: 11 Jul 2025 8 recommendations 21 conclusions 1 report

The Whole of Government Accounts (WGA) consolidates the accounts of over 10,000 public organisations, including central government departments, local authorities, devolved administrations, the NHS, academy schools and public corporations, to provide the most complete and accurate picture of the UK’s public finances. For the first time ever in 2022-23, the National Audit Office was unable … Show more

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Reports

1 report
Title HC No. Published Items Response
69th Report - Whole of Government Accounts 2023-24 HC 1243 4 Mar 2026 29 Responded

Recommendations & Conclusions

4 items
5 Recommendation 69th Report - Whole of Government Accou… Deferred

The non-coterminous reporting date of the Academies sector risks undermining comparability and weakening accountability for...

The non-coterminous reporting date of the Academies sector risks undermining comparability and weakening accountability for billions of pounds of public money. The WGA consolidation process faces persistent challenges due to the misalignment of financial reporting periods between academies and central government. Academies operate on a financial year ending 31 August, … Read more

Government response AI summary
The Treasury will interrogate the estimated costs and benefits and make a final consideration on VfM of alignment of the sector during the 2027 Spending Review when the audit and reporting landscape is clearer.
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HM Treasury
22 Conclusion 69th Report - Whole of Government Accou… Deferred

We questioned how 2023–24 pension disclosures appeared to show a reduction in public sector pension...

We questioned how 2023–24 pension disclosures appeared to show a reduction in public sector pension liabilities and raised that this was counter intuitive. We raised concern that this disclosure created presents a false picture of the underlying fiscal reality when the number of scheme members continues to risk and life … Read more

Government response AI summary
Despite the original item being a conclusion, the government states it agrees with the Committee's implied recommendation for transparency in pension measurement and sets a target implementation date of June 2026, while reaffirming its preference for OBR's GDP share measure.
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HM Treasury
24 Conclusion 69th Report - Whole of Government Accou… Deferred

The academies sector prepares a separate sector account (the Sector Annual Report and Accounts, or...

The academies sector prepares a separate sector account (the Sector Annual Report and Accounts, or SARA), aligned to the academic cycle year end of 31 August.45 The Department for Education and WGA report to 31 March.46 The consolidation of SARA data within WGA creates a non- coterminous year end misalignment … Read more

Government response AI summary
The government agrees with the recommendation to align academies sector reporting but defers the final decision and implementation until the 2027 Spending Review, citing high estimated costs and complexities requiring further assessment of value for money.
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HM Treasury
25 Conclusion 69th Report - Whole of Government Accou… Deferred

The reporting framework for academy trusts was established on a temporary basis through agreement between...

The reporting framework for academy trusts was established on a temporary basis through agreement between ministers of the Department for Education (DfE) and the Treasury.48 This arrangement reflected the significant practical challenges and financial costs associated with collecting timely and accurate data on the financial performance of more than 9,000 … Read more

Government response AI summary
Despite the original item being a conclusion, the government states it agrees with the Committee's implied recommendation regarding academy trusts' reporting and sets a target implementation date for the Spending Review 2027, acknowledging challenges and ongoing discussions.
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HM Treasury

Oral evidence sessions

1 session
Date Witnesses
11 Dec 2025 Andrew Cartner · HM Treasury, Conrad Smewing · HM Treasury, James Bowler CB · HM Treasury, Rosie Seymour · Ministry of Housing, Communities and Local Government, Will Garton · Ministry of Housing, Communities and Local Government, Will Garton · Department for Levelling Up, Housing and Communities View ↗

Who gave evidence

6 witnesses
WitnessOrganisationSessions
Andrew Cartner · Deputy Head of the Government Finance Function HM Treasury 1
Conrad Smewing · Director General Public Spending and Head of the … HM Treasury 1
James Bowler CB · Permanent Secretary HM Treasury 1
Rosie Seymour · Deputy Director, Local Audit Reform Ministry of Housing, Communities and Local Government 1
Will Garton · Director General for Local Government, Growth and… Ministry of Housing, Communities and Local Government 1
Will Garton · Director General for Levelling Up Department for Levelling Up, Housing and Communities 1

Correspondence

2 letters
DateDirectionTitle
1 Jun 2026 To cttee Letter from the Permanent Secretary at the Ministry of Housing, Communities and…
26 Jan 2026 To cttee Letter from the Permanent Secretary at HM Treasury relating to a follow-up to t…