Source · Select Committees · Public Accounts Committee
Recommendation 5
5
Accepted
Provide the Committee with a written update on delayed annual accounts, including reasons and actions.
Recommendation
The restructuring process which created the Department left it insufficiently resourced to deliver its 2023–24 Annual Report and Accounts on a timely basis and unable to establish appropriate controls and processes across the 2023–24 financial year. The Department inherited limited finance staff from the former Department for Business, Energy and Industrial Strategy and initially relied on the finance team of the former Department for International Trade. The accounts of the new Department are significantly more complex than the accounts of the former Department for International Trade, including hard to value assets and liabilities, and requiring the consolidation of 19 Partner Organisations. The Government Internal Audit Agency was only able to issue a limited assurance opinion for 2023–24, noting that further work was required to strengthen controls, capability and capacity following the restructure. The Department has undertaken a lessons learned exercise and has a clear plan for the laying of its 2024–25 accounts in September 2025 and for its 2025–26 accounts to be laid before Parliament’s 2026 summer recess. recommendation The Department should provide a written update to the Committee if it expects that its planned dates for laying its accounts before Parliament will not be met. If so, it should set out the reasons why, and what actions it is taking to address the problems. 7 1 Horizon Compensation Schemes Introduction
Government Response Summary
The government agrees to provide a written update if planned dates for laying accounts are missed, and confirms that the Annual Report and Accounts production is currently on target for September publication.
Government Response
Accepted
HM Government
Accepted
The government agrees with the Committee’s recommendation. deadline will be missed. The Annual Report and Accounts production and audit are currently progressing well and are on target for a September publication. Treasury Minutes Archive1 Treasury Minutes are the government’s response to reports from the Committee of Public Accounts. Treasury Minutes are Command Papers laid in Parliament. Session 2024-25 Committee Recommendations: 285 Recommendations agreed: 270 (95%) Recommendations disagreed: 15 Publication Date PAC Reports Ref Number April 2025 Government response to PAC reports 1-4, 6-9 CP 1306 May 2025 Government response to PAC reports 5,10-17 CP 1328 June 2025 Government response to PAC reports 18-22 CP 1341 July 2025 Government response to PAC reports 23-26 CP 1367 August 2025 Government response to PAC reports 27-34 CP 1382 Session 2023-24 Committee Recommendations: 271 Recommendations agreed: 252 (93%) Recommendations disagreed: 19 Publication Date PAC Reports Ref Number February 2024 Government response to PAC reports 1-6 [80 Session 22-23] CP 1029 March 2024 Government response to PAC reports 7-11 CP 1057 April 2024 Government response to PAC reports 12-18 CP 1070 May 2024 Government response to PAC reports 19-24 CP 1085 September 2024 Government response to PAC reports 26-29, 31, 33-38 CP 1151 October 2024 Government response to PAC reports 25, 26, 30 and 32 CP 1174 Session 2022-23 Committee Recommendations: 551 Recommendations agreed: 489 (89%) Recommendations disagreed: 62 Publication Date PAC Reports Ref Number July 2022 Government response to PAC reports 1, 3 & 10 CP 722 August 2022 Government response to PAC reports 2, 4-8 CP 708 September 2022 Government response to PAC reports 9, 13-16 CP 745 November 2022 Government response to PAC reports 11, 12, 17 CP 755 December 2022 Government response to PAC reports 18-22 CP 774 January 2023 Government response to PAC reports 23-26 CP 781 February 2023 Government response to PAC reports 27-31 CP 802 March 2023 Government response to PAC reports 32-36 CP 828 May 2023 Government response to PAC reports 37-41 CP 845 June 2023 Government response to PAC reports 42-47 CP 847 1 List of Treasury Minutes responses for Sessions 2010-15 are annexed in the government’s response to PAC Report 52 Publication Date PAC Reports Ref Number July 2023 Government response to PAC reports 48-54 CP 902 August 2023 Government response to PAC reports 55-60 CP 921 September 2023 Government response to PAC reports 62-67 CP 941 November 2023 Government response to PAC reports 68-71 CP 968 January 2024 Government response to PAC reports 72-79 CP 1000 February 2024 Government response to PAC reports 80 [1-6 Session 23-24] CP 1029 Session 2021-22 Committee Recommendations: 362 Recommendations agreed: 333 (92%) Recommendations disagreed: 29 Publication Date PAC Reports Ref Number August 2021 Government response to PAC reports 1-6 CP 510 September 2021 Government response to PAC reports 8-11 CP 520 November 2021 Government response to PAC reports 7,13-16 (and TM2 BBC) CP 550 December 2021 Government response to PAC reports 12, 17-21 CP 583 January 2022 Government response to PAC reports 22-26 CP 603 February 2022 Government response to PAC reports 27-31 CP 631 April 2022 Government response to PAC reports 32-35 CP 649 April 2022 Government response to PAC reports 36-42 CP 667 July 2022 Government response to PAC reports 49-52 CP 722 Session 2019-21 Committee Recommendations: 233 Recommendations agreed: 208 (89%) Recommendations disagreed: 25 Publication Date PAC Reports Ref Number July 2020 Government responses to PAC reports 1-6 CP 270 September 2020 Government responses to PAC reports 7-13 CP 291 November 2020 Government responses to PAC reports 14-17 and 19 CP 316 January 2021 Government responses to PAC reports 18, 20-24 CP 363 February 2021 Government responses to PAC reports 25-29 CP 376 February 2021 Government responses to PAC reports 30-34 CP 389 March 2021 Government responses to PAC reports 35-39 CP 409 April 2021 Government responses to PAC reports 40- 44 CP 420 May 2021 Government responses to PAC reports 45-51 CP 434 June 2021 Government responses to PAC reports 52-56 CP 456 Session 2019 Committee Recommendations: 11 Recommendations agreed: 11 (100%) Recommendations disagreed: 0 Ref Publication Date PAC Reports Number January 2020 Government response to PAC report [112-119] 1 and 2 CP 210 Session 2017-19 Committee Recommendations: 747 Recommendations agreed: 675 (90%) Recommendations disagreed: 72 (10%) Publication Date PAC Reports Ref Number December 2017 Government response to PAC report 1 Cm 9549 January 2018 Government responses to PAC reports 2 and 3 Cm 9565 March 2018 Government responses to PAC reports 4-11 Cm 9575 March 2018 Government responses to PAC reports 12-19 Cm 9596 May 2018 Government responses to PAC reports 20-30 Cm 9618 June 2018 Government responses to PAC reports 31-37 Cm 9643 July 2018 Government responses to PAC reports 38-42 Cm 9667 October