Source · Select Committees · Public Accounts Committee
Recommendation 9
9
The requirement to produce WGA is set out in the Government Resources and Accounts Act...
Conclusion
The requirement to produce WGA is set out in the Government Resources and Accounts Act 2000 (GRAA).14 The Treasury publish annual submission guidance outlining that all entities are required to submit Cycle 1 and Cycle 2 submissions by respective deadlines. Cycle 1 is a draft data submission based on the entity’s unaudited data, while the Cycle 2 submission should agree to the entity’s final audited data and published account position. Additionally, submissions from bodies over a £2 billion threshold require sign off by their statutory auditors.15