4.1 The government agrees with the Committee’s recommendation. Target implementation date: December 2021 4.2 The fundamental principles and the accountability framework set out in Managing Public Money have proved enduring through the pandemic. However, HM Treasury recognises that accounting officers would benefit from more detailed guidance in specific areas. This includes when circumstances merit departments assuming a greater level of risk appetite than they would in usual conditions, and clarifying respective roles where more than one department is involved in the design and delivery of a service. These areas will be covered in more detail in updated accounting officer assessment guidance, to be published by the end of the year. The department will write to the Committee when this updated guidance is available. 4.3 In addition, the department will continue to publicise these requirements through seminars and training events, including emphasising the importance of the accounting officer assessment process as part of the induction training delivered to all new accounting officers. These actions should ensure the requirements are well understood across central government.