Hm Treasury
The Treasury has carried out a major review of government financial reporting in response to the Accounting for democracy reports published in 2017 and 2018 by the Public Administration and Constitutional Affairs Committee, and to review progress since the 2014 Simplifying and streamlining consultation. The review has 3 overall aims:
- To clearly state the purposes of government financial reporting.
- To review and better explain the current practices for government financial reporting.
- 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 governments response to the detailed recommendations made in Accounting for democracy.
This page now includes a collection of best practices examples identified as part of HM Treasurys regular review of accounts.