Magazine article Public Finance

Royal Accounts 'Should Be Scrutinised by the NAO'

Magazine article Public Finance

Royal Accounts 'Should Be Scrutinised by the NAO'

Article excerpt

Prince Charles and the Queen should submit their annual accounts to the National Audit Office for proper scrutiny, senior backbench MPs have said this week.

The Public Accounts Committee called on the senior royals to throw open the finances of the Duchies of Cornwall and Lancaster, which provide their households with an income, to auditor general Sir John Bourn.

As the accounts must be presented to Parliament, the committee said, the best way of ensuring adequate parliamentary scrutiny was to end the 'anomaly' by which the NAO does not have access to them.

Edward Leigh, the Conservative chair of the committee, said: 'I cannot understand why these accounts are not subject to the same disclosure requirements as other accounts presented to Parliament.'

The committee, publishing its report into the accounts of the two duchies on July 28, said it had identified Obscurities and potential conflicts of interest in the management and governance' of the duchies' accounts. …

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