Magazine article Public Finance

Audit Commission Reveals 'Challenging' Criteria for New CPA Test

Magazine article Public Finance

Audit Commission Reveals 'Challenging' Criteria for New CPA Test

Article excerpt

The Audit Commission has outlined how it will measure local authorities' efficient use of resources when it introduces the revised Comprehensive Performance Assessment framework later this year.

The public spending watchdog said the methodology for marking councils against the new 'use of resources' block, which will be one of the main elements of the revised CPA regime, will 'challenge' even the best performers.

Authorities will have to produce self-assessments that will then be marked by external auditors against five criteria: value for money, financial standing, financial management, financial reporting and internal controls.

This will lead to an overall score for resource management, which will then have a decisive influence on each authority's overall CPA ranking. …

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