The statement of AO’s responsibilities in the Department’s ARA outlines the Accounting Officer’s responsibility for the propriety and regularity of the finances allocated to them.36 This is reinforced through HM Treasury’s Managing Public Money 28 BEIS Annual Report & Accounts 2020–21 (parliament.uk) p6 29 The Bounce Back Loan Scheme: an update (nao.org.uk) 30 The Bounce Back Loan Scheme: an update (nao.org.uk) 31 Q 113 32 Q 117 33 Q 118 34 The Bounce Back Loan Scheme: an update (nao.org.uk) 35 BEIS, ARA 2021–22, pages 44, 246, 260 36 BEIS, ARA 2021–22, page 67 14 Department for Business, Energy & Industrial Strategy Annual Report and Accounts 2021–22 which expands on the personal responsibility the Accounting Officer has for ensuring their organisation uses its resources efficiently, economically and effectively. This also extends to responsibility for managing risks in relation to fraud.37