24 Apr 2026
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Committee report
linked
direct
A tailored financial reporting regime for small, low-risk bodies would allow for more meaningful reports and free up time for frontline delivery. Financial reporting requirements are disproportionately 2 onerous for smaller, low-risk bodies. The costs of producing and auditing lengthy, overly detailed annual reports and accounts often outweigh the associated accountability benefits. HM Treasury acknowledges that specific requirements, such as lease disclosures, could be simplified. However, i...
Why linked: PAC 77th Report on accountability in small government bodies presses HM Treasury on the PEFA-style accountability framework named in the thread scope.
A tailored financial reporting regime for small, low-risk bodies would allow for more meaningful reports and free up time for frontline delivery. Financial reporting requirements are disproportionately 2 onerous for smaller, low-risk bodies. The costs of producing and auditing lengthy, …