National Audit Office’s Estimate 2023-01-26
2023-01-26
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Q1
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Context
The question pertains to the recent assessment made by the Public Accounts Commission regarding the National Audit Office's financial estimates.
What recent assessment has the Commission made of the National Audit Office's main supply estimate?
In line with its statutory duties, the Public Accounts Commission formally discusses the NAO's main supply estimate, taking evidence from officials. The commission approved the NAO's supply estimate for the financial year ending in March 2023 and made an adjustment in November to allow a lease in Newcastle. On 8 March this year, it will consider the NAO's supply estimate for the upcoming financial year ending in March 2024.
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Q2
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Context
The National Audit Office faces challenges due to inflation, increased work demands, and competition in staffing with private sector firms.
Given that the NAO does superb work but now covers a greater number of public organisations, will the Public Accounts Commission take this into account when setting the estimate for next year?
Yes, it will. The NAO faces inflation at 9.2%, other cost pressures, updated international audit standards, a greater number of public bodies to audit, and competition in staffing with private sector firms. These issues will be discussed further when the NAO presents its main estimate on 8 March.
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