Part of Oral Answers to Questions — Public Accounts Commission – in the House of Commons at 9:30 am on 13 February 2014.
Edward Leigh
Chair, Public Accounts Commission, Chair, Public Accounts Commission
9:30,
13 February 2014
There have been no recent discussions on extending the scope of the NAO’s role to auditing the Bank of England. As part of its wider discussions of the NAO’s budget in March 2012, the Commission considered the resource implications of the NAO’s new role in implementing the Financial Services Act 2012, in that it appointed the Comptroller and Auditor General to audit the Financial Conduct Authority. The Act did not change the audit arrangements for the Bank itself.
