Magazine article Public Finance

Audit Commission Revises Use of Resources Following Consultation

Magazine article Public Finance

Audit Commission Revises Use of Resources Following Consultation

Article excerpt

The Audit Commission has said it will take a more 'proportionate' approach to 'use of resources' inspections after listening to consultation feedback.

Publishing its revised plans on May 19, the inspectorate said K was taking a more risk-based and streamlined approach to the use of resources element of the new Comprehensive Area Assessments, which come into effect on April 1 next year.

The first use of resources judgements under the new approach will be published in November 2009 and will reflect the current financial year.

Audit Commission chief executive Steve Bundred told Public Finance: 'People told us that, while the overall framework we were proposing for use of resources was right, we didn't need to provide every element of it in every place every year, and we've accepted that,

'So we've set out in this document how we propose to adopt a more proportionate approach not just for 2008/09, but going forward.'

Under the changes, the three themes that make up the use of resources assessment have been renamed: managing finances, governing the business and managing resources. …

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