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<p>In July 2014 I laid a command paper before Parliament outlining the Government’s
vision for a more simplified and streamlined presentation of statutory Annual Report
and Resource Accounts for central government bodies. Within this paper the Government
outlined its proposals for a more integrated form of reporting based on three main
sections; performance – telling the story, accountability, and financial statements.</p><p>
</p><p> </p><p> </p><p>HM Treasury gratefully received feedback from the Liaison Committee
on these proposals, and have recently consulted the statutorily independent Financial
Reporting Advisory Board and central government reporting entities on the plans to
implement these new reporting arrangements from 2015-16 onwards. I will be responding
to the Liaison Committee ‘s comments shortly. HM Treasury is also supporting a pathfinder
initiative on Integrated Reporting in the public sector that is being led by the Chartered
Institute of Public Finance and Accountancy. This initiative will examine the extent
to which Integrated Reporting can be applied in the public sector, and the results
of this work will be taken into consideration as further developments are made to
reporting arrangements post 2015-16.</p><p> </p>
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