30 Accepted

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.
Addressee Bodies
Ministry of Housing, Communities and Local Government
Timeline
Recommendation age 2.5 yrs
Report published 24 Nov 2023