HISTORIC PRESS RELEASE : Government welcomes publication of Lord Sharman’s review of audit and accountability in the 21st century [February 2001]

The press release issued by HM Treasury on 13 February 2001.

The publication today of Lord Sharman’s review of audit and accountability in central Government was welcomed by the Chief Secretary, Andrew Smith.

He commented:

“I am grateful to Lord Sharman for his Review of this important and complex area, and for conducting it so speedily.

“The twin principles of accountability of the Executive to Parliament and independent scrutiny by the Comptroller and Auditor General are enormously important to good government. Present arrangements have evolved gradually over the past century and it is valuable to have the benefit of Lord Sharman’s views on how these arrangements should now be developed to best fit the 21st century.

“The Government will consider Lord Sharman’s recommendations very carefully with a view to improving the present system of accountability.

“It will be important to consult widely among departments, other bodies which might be affected and other key stakeholders, before issuing a formal response in due course.”