Source · Select Committees · Public Accounts Committee
Recommendation 15
15
Despite these large amounts, HMT noted that special payments and losses are areas of much...
Conclusion
Despite these large amounts, HMT noted that special payments and losses are areas of much greater transparency in the public sector compared to the private sector, due to more stringent reporting requirements. In contrast, private businesses only declare losses and special payments if the amounts involved are considered material to their accounts.37 31 C&AG’s report, paras 2.5 and 2.8 32 C&AG’s report, para 2.10 33 Q 32 34 Q 32 35 Q 28 36 Qq 28 and 32; C&AG’s report para 2.9 37 Q 28 10 2 Key risks and challenges IT change and digital transformation in government