188体育

The Treasury has carried out a major review of government financial reporting in response to the 鈥楢ccounting for democracy鈥� reports published in and by the Public Administration and Constitutional Affairs Committee, and to review progress since the 2014 鈥�Simplifying and streamlining鈥� consultation. The review has 3 overall aims:

1. To clearly state the purposes of government financial reporting.
2. To review and better explain the current practices for government financial reporting.
3. To take steps to improve government financial reporting.

This report presents the findings of the review. It combines statements of principle, best practice examples to support departments looking to improve their reporting, and actions for the Treasury. Annex A gives the government鈥檚 response to the detailed recommendations made in 鈥楢ccounting for democracy鈥�.